MergerMay 7, 2026, 06:13 AM
Cross Country Healthcare Acquired by Knox Lane for $437M
AI Summary
Cross Country Healthcare, Inc. has entered into a definitive agreement to be acquired by Knox Lane, a growth-oriented investment firm, in an all-cash transaction valued at $437 million. Shareholders will receive $13.25 per share, representing a significant premium of approximately 31% to the closing price on May 6, 2026, and a 45% premium to the 90-day volume-weighted average trading price. The transaction is anticipated to close in the third quarter of 2026, after which Cross Country Healthcare will become a privately held company and its shares will cease trading on Nasdaq.
Key Highlights
- Cross Country Healthcare to be acquired by Knox Lane for $437 million in an all-cash transaction.
- Shareholders will receive $13.25 per share in cash.
- The offer represents a 31% premium to the May 6, 2026 closing price.
- It also represents a 45% premium to the 90-day volume-weighted average trading price.
- The transaction is expected to close in the third quarter of 2026.
- Upon completion, Cross Country Healthcare will become a privately held company.
- The company's securities will be delisted from the Nasdaq Global Select Market.