M&A Deal Summary

Cross Country Healthcare Acquires Lotus Medical Staffing

On September 13, 2022, Cross Country Healthcare acquired staffing company Lotus Medical Staffing

Acquisition Highlights
  • This is Cross Country Healthcare’s 10th transaction in the Staffing sector.
  • This is Cross Country Healthcare’s 12th transaction in the United States.
  • This is Cross Country Healthcare’s 2nd transaction in Florida.

M&A Deal Summary

Date 2022-09-13
Target Lotus Medical Staffing
Sector Staffing
Buyer(s) Cross Country Healthcare
Deal Type Add-on Acquisition

Target

Lotus Medical Staffing

Lake Worth, Florida, United States
Lotus Medical Staffing is a locum tenens and permanent placement agency specializing in the placement of anesthesiologists and certified registered nurse anesthetists. Lotus Medical Staffing was founded in 2013 and is based in Lake Worth, Florida.

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Buyer(S) 1

Buyer

Cross Country Healthcare

Boca Raton, Florida, United States

Category Company
Founded 1986
Sector Staffing
Employees13,131
Revenue 2.0B USD (2023)
DESCRIPTION

Cross Country Healthcare is a provider of healthcare staffing services including temporary nurse staffing and other human capital management services in contract with approximately 5,000 hospital, pharmaceutical and biotechnology customers throughout all fifty states. Cross Country Healthcare was incorporated in 1986 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 12 of 13
Sector (Staffing) 10 of 10
Type (Add-on Acquisition) 11 of 12
State (Florida) 2 of 2
Country (United States) 12 of 13
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Mint Physician Staffing

Houston, Texas, United States

Mint Physician Staffing is a locum tenens staffing agency dedicated to placing the most qualified physicians, nurse practitioners, and physician assistants in temporary positions. Mint Physician Staffing was founded in 1996 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Hireup

Santa Barbara, California, United States

Hireup is an interim leadership firm serving the healthcare community for 20 years. It partners with organizations, including hospitals, academic medical centers, and clinics, to recruit healthcare leaders within nursing, allied, physician, human resources, and finance. Hireup is based in Santa Barbara, California.

Buy -