M&A Deal Summary

ICON Contracting Solutions Acquires Cross Country Clinical Trial Services Division

On February 4, 2013, ICON Contracting Solutions acquired staffing company Cross Country Clinical Trial Services Division from Cross Country Healthcare for 56M USD

Acquisition Highlights
  • This is ICON Contracting Solutions’ 2nd transaction in the Staffing sector.
  • This is ICON Contracting Solutions’ largest (disclosed) transaction.
  • This is ICON Contracting Solutions’ 1st transaction in the United States.

M&A Deal Summary
Date 2013-02-04
Target Cross Country Clinical Trial Services Division
Sector Staffing
Buyer(s) ICON Contracting Solutions
Sellers(s) Cross Country Healthcare
Deal Type Divestiture
Deal Value 56M USD

Target

Cross Country Clinical Trial Services Division

United States
Cross Country Healthcare’s Clinical Trial Services Division includes major US resourcing providers, ClinForce and Assent Consulting, whose services include contract staffing, permanent placement and functional service provision.

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Buyer(S) 1

Buyer

ICON Contracting Solutions

New York, New York, United States
Category Company
Sector Staffing
DESCRIPTION

ICON Contracting Solutions, Inc. is a provider of contract and permanent staffing services in the clinical research industry.

DEAL STATS #
Overall 2 of 2
Sector (Staffing) 2 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 DOCS International B.V.

Amstelveen, Netherlands

DOCS International B.V. is a provider of Staffing Solutions to the Healthcare Industry. These solutions are designed to meet the requirements of both corporate healthcare organisations and individual healthcare professionals.

Buy $40M

Seller(S) 1

SELLER

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 1 of 1
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 MDA Holdings

Norcross, Georgia, United States

MDA Holdings, Inc. provides multi-specialty locum tenens (physician) and allied staffing services to the healthcare industry in all 50 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 On Assignment - Allied Healthcare Business

United States

On Assignment - Allied Healthcare Business provider of healthcare staffing solutions.

Buy $29M
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