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December 4, 2013
08:22 EDTCCRNCross Country Healthcare acquisition positive, says BMO Capital
After Cross Country Healthcare announced that it had acquired the operating assets of On Assignment's Allied Health staffing division, BMO Capital notes that the division's margins are higher than those of Cross Country. The deal also gives Cross Country a bigger platform of allied health offerings, according to the firm, which raised its price target for Cross Country to $9 from $7 and keeps an Outperform rating on the shares.
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