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ICON to Acquire Clinical Trial Services Division of Cross Country Healthcare for 52M in Cash

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plc, (NASDAQ: ICLR) today announced that it has agreed,
subject to certain closing conditions, to acquire the Clinical Trial
Services Division of Cross
Country Healthcare, Inc. (NASDAQ: CCRN), for a cash consideration
of $52 million, plus an earn-out of up to $3.75 million related to
certain performance-based milestones. The transaction is expected to
close within the next 30 days.

Cross Country Healthcare's Clinical Trial Services Division includes
leading US resourcing providers, ClinForce
and Assent
Consulting, whose services include contract staffing, permanent

See full press release

Posted-In: Earnings News Guidance Contracts Management M&A


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