Cross Country Healthcare, Inc. (NASDAQ:CCRN) Q1 2018 Earnings Conference Call Transcript

May 03, 2018 • 09:00 am ET

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Cross Country Healthcare, Inc. (NASDAQ:CCRN) Q1 2018 Earnings Conference Call Transcript

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Presentation
Executive
Chris Pizzi

35.9 million shares.

Finally, as a reminder, we expect to start an initiative to replace our legacy travel nurse front-end system in the second quarter. We anticipate this system replacement to be completed by late-2019 and that the total cost will range between $10 million and $12 million over this period.

We have not modeled the impact of this initiative into our second quarter guidance, because we have not finalized the agreement with our IT partner. We believe however that the potential reduction to our second quarter adjusted EBITDA would be no more than $500,000 in connection with this initiative.

This concludes our prepared remarks and at this point I would like to open up the lines for questions. Operator?