Aya Healthcare Terminates Proposed Acquisition of Cross Country Healthcare

SAN DIEGO--(BUSINESS WIRE)--Aya Healthcare, a leading healthcare talent software and staffing company in the United States, has elected not to move forward with its proposed acquisition of Cross Country Healthcare and has terminated the merger agreement. The two organizations entered into the agreement with the shared goal of expanding innovative solutions and delivery capabilities for healthcare systems and schools, as well as broadening workforce opportunities and delivering world-class experiences for healthcare professionals and educators nationwide.

While both companies continue to believe in the merits of the transaction, shifting market conditions and the extensive time and resources already invested - and those still required - for regulatory clearance led Aya to decide not to proceed. Despite full cooperation by both parties with the FTC throughout the process, it became evident that continuing would be excessively burdensome and create prolonged uncertainty for clients, clinicians and partners. This decision allows Aya to focus on advancing its long-term strategic priorities of accelerating innovation, strengthening its technology platform and expanding the exceptional products, services and experiences it delivers across the healthcare industry.

“Over the past year, both teams worked tirelessly to complete the transaction as the combination would have enabled us to jointly pursue a shared vision of delivering innovative solutions that would help reduce the cost of care and deliver high clinical outcomes for patients. We are proud of the collaboration and effort that went into this process and remain confident in Aya’s ability to lead the industry forward and continue delivering exceptional experiences for our clients and clinicians,” said Emily Hazen, CEO of Aya Healthcare.

To learn more about Aya Healthcare, visit www.ayahealthcare.com.

About Aya Healthcare

Aya Healthcare is the leading healthcare talent software and staffing company in the United States. Aya operates the world’s largest digital staffing platform delivering every component of healthcare-focused labor services, including travel nursing and allied health, per diem, permanent staff hiring, interim leadership, locum tenens and non-clinical professionals. Aya’s AI-enabled software solutions, which include vendor management, float pool technology, provider solutions and predictive analytics, combined with its digital talent marketplaces, provide hospital systems greater efficiencies, superior operating results and reduced labor costs. While technology drives efficiency and scale, Aya’s 6,000+ global employees power the company to deliver unparalleled accountability and exceptional experiences for clients and clinicians. Aya’s company culture is rooted in giving back and supports organizations around food security, education, healthcare, safe shelter and equity. To learn more about Aya Healthcare, visit www.ayahealthcare.com.