Cross Country Healthcare to buy assets of Mint & Lotus for locum tenens

Employment agency company, Cross Country Healthcare, Inc., has recently announced that it is entering into a strategic pact to procure the assets of Mint, LP (Mint Medical Physician Staffing) and Lotus, LLC (Lotus Medical Staffing LLC combined with Lotus and Mint Sellers).

For the unversed, Mint is a locum tenens staffing agency committed to employing skilled nurses, practitioners, physicians, and physician assistants on a contractual basis. Meanwhile, Lotus is locum tenens as well as permanent placement agency dedicated to placing certified registered nurse anesthetists and anesthesiologists.

Apparently, both the sellers’ staff across the U.S.

According to sources, substantially, the firm will be acquiring all the assets and assuming certain liabilities of Lotus and Mint. The transaction is estimated to be finalized in the last quarter of 2022 and will be responsible for using the accounting acquisition approach, which is apparently not significant.

Commenting on the move, John Martins, President and Chief Executive Officer of Cross Country Healthcare, addressed this as the first acquisition undertaken by the firm in 2022, adding that it is delighted to include Mint and Lotus brands in its portfolio.

John mentioned that this would back the firm’s strategy of becoming a leader in advanced practitioner and locum tenens markets.

John further stated that scaling in this constantly growing market segment will empower the firm to strengthen its client base and add more clinicians, further enhancing the stockholder value. Moreover, Cross Country Healthcare, Inc. (CCH) is a pioneer in offering workforce solutions and advisory firms with 36 years of experience in the industry and insights.

The firm is well-recognized for solving the complex challenges related to the labor force for customers whilst offering high-quality outcomes and exceptional patient care. Additionally, it also offers exceptionally high services to its clients, homecare, education, and clinical and non-clinical healthcare professionals.

Source credit - https://www.businesswire.com/news/home/20220913006193/en/Cross-Country-Healthcare-to-Acquire-Assets-of-Mint-Medical-Physician-Staffing-LP-and-Lotus-Medical-Staffing-LLC