Exhibit 99.1
Cross
Country Healthcare Announces Delay on Earnings Release and Conference
Call for Fourth Quarter and Full Year 2012
BOCA RATON, Fla.--(BUSINESS WIRE)--March 4, 2013--Cross Country
Healthcare, Inc. (Nasdaq: CCRN) today announced that it will delay its
earnings release and conference call for the fourth quarter and full
year ended December 31, 2012, which had previously been scheduled for
March 6, 2013 and March 7, 2013, respectively. The Company stated that
the delay is due principally to the additional time required to properly
account for the recent sale of its Clinical Trial Services business,
which has been reclassified as discontinued operations.
The Company will issue a subsequent announcement regarding the new date
and time of its earnings release and conference call within the next
week. In addition, the Company does not expect a delay in the filing of
its Form 10-K for the year ended December 31, 2012.
About Cross Country Healthcare
Cross Country Healthcare, Inc. is a leader in healthcare staffing with a
primary focus on providing nurse, allied and physician (locum tenens)
staffing services and workforce solutions to the healthcare market. The
Company believes it is one of the top two providers of nurse and allied
staffing services, one of the top four providers of temporary physician
staffing services, and one of the top five providers of retained
physician and healthcare executive search services. The Company also is
a leading provider of education and training programs specifically for
the healthcare marketplace. On a company-wide basis, Cross Country
Healthcare has approximately 4,000 contracts with hospitals and
healthcare facilities, and other healthcare organizations to provide our
staffing services and workforce solutions. Copies of this and other news
releases as well as additional information about Cross Country
Healthcare can be obtained online at www.crosscountryhealthcare.com.
Shareholders and prospective investors can also register to
automatically receive the Company's press releases, SEC filings and
other notices by e-mail.
In addition to historical information, this press release contains
statements relating to our future results (including certain projections
and business trends) that are “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and are subject to the “safe harbor” created by those
sections. Forward-looking statements consist of statements that are
predictive in nature, depend upon or refer to future events. Words such
as “expects”, “anticipates”, “intends”, “plans”, “believes”,
“estimates”, “suggests”, “appears”, “seeks”, “will” and variations of
such words and similar expressions intended to identify forward-looking
statements. Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results and
performance to be materially different from any future results or
performance expressed or implied by these forward-looking statements.
These factors include, without limitation, the following: our ability to
attract and retain qualified nurses, physicians and other healthcare
personnel, costs and availability of short-term housing for our travel
nurses and physicians, demand for the healthcare services we provide,
both nationally and in the regions in which we operate, the functioning
of our information systems, the effect of existing or future government
regulation and federal and state legislative and enforcement initiatives
on our business, our clients’ ability to pay us for our services, our
ability to successfully implement our acquisition and development
strategies, the effect of liabilities and other claims asserted against
us, the effect of competition in the markets we serve, our ability to
successfully defend the Company, its subsidiaries, and its officers and
directors on the merits of any lawsuit or determine its potential
liability, if any, and other factors set forth in Item 1A. “Risk
Factors” in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2011, and our other Securities and Exchange Commission
filings made prior to the date hereof.
Although we believe that these statements are based upon reasonable
assumptions, we cannot guarantee future results and readers are
cautioned not to place undue reliance on these forward-looking
statements, which reflect management’s opinions only as of the date of
this press release. There can be no assurance that (i) we have correctly
measured or identified all of the factors affecting our business or the
extent of these factors’ likely impact, (ii) the available information
with respect to these factors on which such analysis is based is
complete or accurate, (iii) such analysis is correct or (iv) our
strategy, which is based in part on this analysis, will be successful.
The Company undertakes no obligation to update or revise forward-looking
statements. All references to “we,” “us,” “our,” or “Cross Country” in
this press release mean Cross Country Healthcare, Inc., its subsidiaries
and affiliates.
CONTACT:
Cross Country Healthcare, Inc.
Howard A. Goldman,
877-686-9779
Director/Investor & Corporate Relations
Email: hgoldman@crosscountry.com
