Earnings PerformanceThird-quarter results were weaker than expected, with revenue and adjusted EBITDA well below consensus.
Merger UncertaintyAya Healthcare terminated the merger agreement with Cross Country due to the uncertainty, time, and resource burden that could result from a potential challenge to the merger by the U.S. Federal Trade Commission.
Revenue DeclineCross Country’s volumes have continued to decline sequentially this year, similar to industry trends.