secwatch.observer — SEC 8-K summary
======================================

Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022199
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Country Healthcare customer files Chapter 11; expects $20M bad debt charge in Q2 2024
--------------------------------------------------------------------------------

- Customer filed Chapter 11 bankruptcy on May 6, 2024.
- Cross Country owed approximately $20 million net of reserves and subcontractor receivables.
- Company expects to record a bad debt charge in Q2 2024; amount not yet determined.
- Customer had been making timely payments under a payment plan prior to filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000162828024022199/0001628280-24-022199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000162828024022199/ccrn-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer