Cross Country Healthcare initiated with an Outperform at William Blair

William Blair initiated coverage of Cross Country Healthcare with an Outperform rating and no price target. As a leading provider of flexible healthcare talent solutions, Cross Country is well positioned to benefit from a structural nurse shortage in the United States, the analyst tells investors in a research note. Amid growing demand for healthcare services, an increasing number of nurses retiring or leaving the profession, stagnating nursing school enrollment, and unsustainably high nurse utilization, a supply/demand imbalance will drive long-term demand growth for Cross Country, says the firm.