Cross Country Healthcare to tap credit facility to fund acquisition

By Marisa Wong

Morgantown, W.Va., Oct. 20 – Cross Country Healthcare, Inc. plans to use borrowings under its senior credit facility to finance its acquisition of Mediscan, according to an 8-K filing with the Securities and Exchange Commission.

The company will also use cash on hand to finance the transaction.

Cross Country provides health care workforce solutions and is based in Boca Raton, Fla. Mediscan provides temporary health care staffing solutions and is based in Woodland Hills, Calif.

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