Cross Country Healthcare announced that it signed an agreement to acquire all of the assets, business and liabilities of Medical Staffing Network. Cross Country Healthcare, a leading healthcare staffing solutions provider, agreed to a purchase price of $48.3 million.
Medical Staffing Network (MSN) is a healthcare staffing agency with 55 locations in the United States. MSN provides per diem, local, contract, travel and permanent hire medical staffing services.
According to Cross Country Healthcare President and CEO, “The acquisition of MSN’s assets represents a strategically compelling opportunity for Cross Country Healthcare, accelerating our expansion plans by several years, increasing our market share and bringing us new products and opportunities to cross-sell to all of our customers.”
The transaction is expected to be finalized before the end of June 2014. Click here to read the press release in its entirety.