Cross Country Healthcare agrees to sell clinical trial services business Cross Country Healthcare (CCRN) announced it has entered into an agreement to sell its clinical trial services business to ICON plc (ICLR) for $52M, plus an earn-out of up to $3.75M related to certain performance-based milestones. Consummation of the transaction is subject to the completion of certain closing conditions. This transaction is expected to be completed within the next 30 days. Cross Country Healthcare intends to use a portion of the net proceeds from this transaction to retire all of its outstanding bank debt.
UBS to hold a conference Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 19 at 8 am; not all company presentations may be webcasted. Webcast Link