---
title: "Knox Lane To Acquire Cross Country Healthcare In $437 Mln All-Cash Deal; Stock Up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285564109.md"
description: "Knox Lane is set to acquire Cross Country Healthcare, Inc. for $437 million in an all-cash deal, with shares surging over 28% following the announcement. The acquisition price is $13.25 per share, and the transaction is expected to close in Q3 2026, making Cross Country a privately held company. BofA Securities is the financial advisor for the deal. CCRN's stock closed at $10.11, down 5.25%, but rose to $13.03 in pre-market trading."
datetime: "2026-05-07T13:40:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285564109.md)
  - [en](https://longbridge.com/en/news/285564109.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285564109.md)
---

# Knox Lane To Acquire Cross Country Healthcare In $437 Mln All-Cash Deal; Stock Up

(RTTNews) - The shares of Cross Country Healthcare, Inc. (CCRN), a technology-driven healthcare workforce solutions company, were surging by more than 28% after the company announced it had entered into a definitive agreement to be acquired by Knox Lane, an investment firm.

Under the terms of the agreement, Knox Lane will acquire Cross Country Healthcare common stock for $13.25 per share in an all-cash transaction valued at $437 million.

The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

Upon transaction completion, Cross Country Healthcare will become a privately held company in Knox Lane's portfolio and will cease trading on the Nasdaq.

BofA Securities is serving as the exclusive financial advisor to Cross Country Healthcare, and Davis Polk & Wardwell LLP is serving as legal counsel.

CCRN has traded between $7.43 and $14.99 over the last year. The stock closed Wednesday's trade at $10.11, down 5.25%.

In the pre-market, CCRN is up 28.87% at $13.03.

For more such news For More Such Biotech Stock News, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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