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Aya Healthcare has announced a major acquisition. It will buy Cross Country Healthcare for $615 million in cash, valuing Cross Country shares at $18.61 each. This represents a 67% premium over Cross Country’s recent closing price. The move aims to expand Aya’s client service and enhance its delivery capabilities by incorporating Cross Country’s nearly four decades of clinical excellence.
The acquisition brings Aya Healthcare and Cross Country’s complementary workforce solutions under one roof, diversifying Aya’s services. The combined company will serve healthcare clients across the continuum of care. They will offer staffing for clinical and non-clinical roles,