M&A · Industrials · Services-Help Supply Services
Knox Lane to acquire Cross Country Healthcare Inc
Announced May 6, 2026 · Closed Jul 28, 2026
Deal value$437M
Premium31.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$13.25 per share
Transaction
- Acquirer
- Knox Lane
- Target
- Cross Country Healthcare Inc (CCRN)
- Buyer type
- Strategic
- Offer price per share
- $13.25
- Enterprise value
- —
- Status
- Closed Jul 28, 2026
Deal protections
- Break fee (target pays)
- $14.2M · 3.3%
- Reverse fee (buyer pays)
- $14.2M · 3.3%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- MTS Health Partners
- To the target
- BofA Securities
- BofA Securities fee
- $6.1M
Sector context · Industrials
- Comparable deals
- 98 in the prior 24 months
- Premium
- 31.0% vs. 34.0% sector median
- EV / Adj. EBITDA
- Sector median 11.0x
- Break fee
- 3.3% vs. 2.7% sector median
Timeline
- AnnouncedMay 6, 2026
- Proxy filedJun 3, 2026
- Definitive proxyJun 15, 2026
- Shareholder voteJul 16, 2026
- ClosedJul 21, 2026
Valuation · fairness opinions
Trading comparables$8.35$11.15
Precedent transactions$7.40$8.60
Precedent transactions$9.25$10.90
Discounted cash flow$11.55$16.30
Analyst price targets$9.09$13.64
Offer $13.25
Implied value per Cross Country Healthcare Inc share by analysis, from BofA Securities · DCF discount rate 9%–11%.