M&A · Industrials · Services-Help Supply Services
Aya Healthcare to acquire Cross Country Healthcare Inc
Announced Dec 4, 2024 · Terminated
Deal value$615M
Premium67.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$18.61 per share
Transaction
- Acquirer
- Aya Healthcare
- Target
- Cross Country Healthcare Inc (CCRN)
- Buyer type
- Strategic
- Offer price per share
- $18.61
- Enterprise value
- —
- Status
- Terminated
Deal protections
- Break fee (target pays)
- $20.0M · 3.3%
- Reverse fee (buyer pays)
- $20.0M · 3.3%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- BofA Securities
Sector context · Industrials
- Comparable deals
- 87 in the prior 24 months
- Premium
- 67.0% vs. 34.0% sector median
- EV / Adj. EBITDA
- Sector median 9.4x
- Break fee
- 3.3% vs. 2.8% sector median
Timeline
- AnnouncedDec 4, 2024
- Proxy filedJan 6, 2025
- Definitive proxyJan 22, 2025
- Shareholder voteFeb 28, 2025
- Terminated—