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News Breaks
February 19, 2013
06:12 EDTICLR, CCRNCross Country Healthcare completes sale of clinitical trial serviecs business
Cross Country Healthcare (CCRN) announced it has completed the previously announced sale of its clinical trial services business to ICON (ICLR) for $52M, plus an earn-out of up to $3.75M related to certain performance-based milestones. Cross Country Healthcare used a portion of the net proceeds from this transaction to repay all $29.3M of its outstanding bank debt. As a result of this sale, Cross Country Healthcare's clinical trial services business segment will become discontinued operations and will be reported as such on its financial statements for all applicable periods presented in the Company's upcoming financial reporting for the fourth quarter and year ended December 31, 2012.
News For CCRN;ICLR From The Last 14 Days
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July 29, 2015
13:05 EDTCCRNCross Country Healthcare agrees to sell education business for $8M
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July 28, 2015
06:04 EDTICLRICON plc announces expanded share repurchase program of up to $400M
In addition to the $58M of shares repurchased year to date, the company’s board has approved a further expansion of the share repurchase programme of up to $400M which will be funded using committed financing and cash on hand.
06:04 EDTICLRICON plc raises FY15 EPS to $3.90-$4.00 from $3.60-$3.70, consensus $3.67
Raises FY15 revenue to $1.6B-$1.65B from $1.57B-$1.6B, consensus $1.63B. Expects strong margin performance to continue and backlow conversion is lower than forecast.
06:02 EDTICLRICON plc reports Q2 EPS 95c, consensus 89c
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