Healthcare workforce solutions company Cross Country Healthcare has agreed to be acquired by private investment firm Knox Lane in an all cash transaction valued at approximately $437 million. Multiple financial and healthcare industry reports confirmed the acquisition deal after the announcement was officially released by the companies.
Under the agreement, Knox Lane will purchase all outstanding shares of Cross Country Healthcare at $13.25 per share in cash. The offer represents nearly a 31% premium over the company’s recent closing stock price and about a 45% premium over its 90-day average trading value.
Cross Country Healthcare, headquartered in Florida, is known for providing healthcare staffing, workforce management, recruitment, and AI-powered labor optimization services for hospitals and healthcare systems across the United States. The company has operated in the healthcare staffing sector for nearly four decades and runs digital workforce platforms including Intellify.
Following the completion of the transaction, expected in the third quarter of 2026 pending shareholder and regulatory approvals, Cross Country Healthcare will become a privately held company under Knox Lane’s portfolio. However, the company will continue operating under its existing brand and leadership structure.
Industry analysts view the acquisition as part of a broader consolidation trend in the healthcare staffing and workforce technology sector, where private equity firms are increasingly investing in companies with strong AI-driven staffing capabilities and healthcare labor management platforms.
Company CEO Kevin Clark stated that Knox Lane’s healthcare expertise and investment strategy would help Cross Country Healthcare accelerate its next phase of growth while creating value for shareholders.
“We are excited to enter the next phase of growth with Knox Lane.”
By
HB Team
