Knox Lane has agreed to acquire Cross Country Healthcare for $13.25 per share in an all-cash transaction valued at $437 million, representing a 31% premium to the May 6 closing price, after which the company will delist from Nasdaq and become a private portfolio company.
Knox Lane, a growth-oriented investment firm, has entered into a definitive agreement to acquire all outstanding shares of Cross Country Healthcare for $13.25 per share in an all-cash transaction valued at $437 million, according to official disclosures. The offer represents a 31% premium to Cross Country Healthcare’s closing price on May 6, 2026, and a 45% premium to the volume-weighted average trading price for the 90-day period ended May 6, 2026. Upon completion, the company will cease trading on Nasdaq and become a privately held platform in Knox Lane’s portfolio.
This development matters because Cross Country Healthcare is a technology-driven healthcare workforce solutions provider with four decades of proprietary technology development. The acquiring firm brings sector-specific expertise, with managing partner John Bailey and partner Shamik Patel citing the company’s focus on clinical excellence and its platform’s ability to design, predict, and optimize labor strategies.
The transaction delivers immediate value to stockholders while positioning the company for private-market growth investment. Industries impacted include healthcare staffing, workforce technology, and temporary clinician placement.
Stakeholders include the company’s 40,000-plus healthcare professionals, hospital clients, and competitors in the healthcare talent solutions space.
For investors, the take-private reflects a trend of PE firms acquiring publicly traded healthcare staffing platforms to restructure away from quarterly earnings pressure and invest in longer-cycle technology and client relationship development. The 31% premium indicates competitive bidding or undervaluation in public markets relative to private market valuations.
Cross Country Healthcare is a US-based healthcare workforce solutions company headquartered in Boca Raton, Florida.
Knox Lane is a growth-oriented investment firm focused on partnering with service and technology-enabled businesses.
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