SCHEDULE: Goldman Sachs Discloses 3.9% Stake in Cross Country Healthcare
Schedule 13G Amendment
Goldman Sachs Group and its affiliate have filed an amended Schedule 13G, disclosing a 3.9% beneficial ownership stake in Cross Country Healthcare, Inc.
Summary
- The Goldman Sachs Group, Inc. and its subsidiary, Goldman Sachs & Co. LLC, jointly filed an Amendment No. 2 to Schedule 13G.
- The filing reports beneficial ownership of 1,271,620.89 shares of Common Stock, par value $0.0001 per share, in CROSS COUNTRY HEALTHCARE, INC.
- This aggregate amount represents 3.9% of the issuer's class of securities.
- Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC share both voting power (1,271,576.89 shares) and dispositive power (1,271,620.89 shares).
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a passive ownership stake, explicitly stating no intent to influence control, thus maintaining a neutral sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing is a standard disclosure of an institutional investor's passive stake and does not provide specific insights into broader industry trends or competitive positioning within the healthcare staffing sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment approach.
- Company Management: Confirms that a major financial institution holds a stake without intent to influence control, which may offer stability regarding corporate governance.
Key Dates
| Date | Description |
|---|---|
| 2024-07-29 | Previous Power of Attorney granted by The Goldman Sachs Group, Inc. was superseded. |
| 2024-10-01 | Previous Power of Attorney granted by Goldman Sachs & Co. LLC was superseded. |
| 2025-07-16 | Effective date of the current Power of Attorney for The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. |
| 2025-09-30 | Date of event which required the filing of this statement. |
| 2025-10-08 | Date of signing for the Schedule 13G Amendment. |
| 2026-07-16 | Expiration date of the current Power of Attorney. |
Keywords
Goldman Sachs, Cross Country Healthcare, Schedule 13G, Beneficial Ownership, Healthcare Staffing, Institutional Investor, Equity Stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.