Cross Country Healthcare, Inc. (NASDAQ:CCRN) ("Cross Country Healthcare" or the "Company") a leading, technology-driven healthcare workforce solutions company, today announced that it has entered into a definitive agreement to be acquired by Knox Lane, a growth-oriented investment firm. Under the terms of the agreement, Knox Lane will acquire all outstanding shares of Cross Country Healthcare common stock for $13.25 per share in an all-cash transaction valued at $437 million. The transaction represents a premium of approximately 31 percent to Cross Country Healthcare's closing price on May 6, 2026, and a 45 percent premium to the Company's volume-weighted average trading price for the 90-day period ended May 6, 2026.

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