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News Breaks | | | | February 4, 2013 | | 06:01 EDT |  | CCRN, ICLR | 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. | |
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News For CCRN;ICLR From The Last 14 Days Check below for free stories on CCRN;ICLR the last two weeks. |
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