Cross Country Healthcare to Acquire Assets of Mint Medical Physician Staffing, LP and Lotus Medical Staffing LLC
The Company will purchase and acquire substantially all of the assets and assume certain liabilities of Mint and Lotus. The acquisition will be accounted for using the acquisition method of accounting and is not significant. The transaction is expected to close in the last quarter of 2022.
"As the first acquisition in 2022, we are thrilled to be adding the Mint and Lotus brands to our portfolio, which supports our strategy of becoming a dominant player in the locum tenens and advanced practitioner markets," said
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In addition to historical information, this press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act, and are subject to the "safe harbor" created by those sections. Forward-looking statements consist of statements that are predictive in nature, depend upon or refer to future events. Words such as "will," "could," "expects," "anticipates," "intends," "plans," "believes," "estimates," "suggests," "appears," "seeks," and variations of such words and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. These factors include, but are not limited to, the following: our ability to successfully implement our acquisition and development strategies, including our ability to successfully integrate acquired businesses, including Lotus and Mint, and realize synergies from such acquisitions, the effect of potential liabilities, losses, or other exposures in connection with our acquisitions, the potential impacts of the COVID-19 pandemic on our business, financial condition, and results of operations, our ability to attract and retain qualified nurses, physicians and other healthcare personnel, costs and availability of short-term housing for our travel healthcare professionals, demand for the healthcare services we provide, both nationally and in the regions in which we operate, the functioning of our information systems, the effect of cyber security risks and cyber incidents on our business, the effect of existing or future government regulation and federal and state legislative and enforcement initiatives on our business, our clients’ ability to pay us for our services, the effect of liabilities and other claims asserted against us, the effect of competition in the markets we serve, our ability to successfully defend the Company, its subsidiaries, and its officers and directors on the merits of any lawsuit or determine its potential liability, if any, and other factors, including, without limitation, the risk factors set forth in Item 1A. "Risk Factors" in the Company’s Annual Report on Form 10-K for the year ended
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