Cross Country Healthcare merger with Aya Healthcare terminated; to receive $20M fee; starts buybacks

CROSS COUNTRY HEALTHCARE INC

Merger agreement with Aya Healthcare terminated effective Dec 4, 2025 after failing to close by Dec 3, 2025 end date.
Aya to pay Cross Country a $20 million termination fee within two business days.
Termination due to FTC review not completed; HSR waiting period extended to Dec 30, 2025 because of 43-day government shutdown.
Company to immediately commence share repurchases under existing $40 million authorization.
Company reports no debt and strong cash position; refocuses on standalone strategy.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CROSS COUNTRY HEALTHCARE INC terminated Agreement and Plan of Merger with Aya Holdings II Inc. valued at $20 million (effective 2025-12-04).

Action: termination
Agreement: merger
Counterparty: Aya Holdings II Inc.
Value: $20 million
Effective: 2025-12-04

Exact text from the filing

After market close on December 3, 2025, the Company received a notice of termination of the Merger Agreement (the “ Notice ”) from Parent, effective December 4, 2025, as a result of a failure of the Merger to be consummated prior to the end date under the Merger Agreement.

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CROSS COUNTRY HEALTHCARE INC filing history →

Source: SEC EDGAR

accession 0000950103-25-015716

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