Item 1. | Security and Issuer |
(a) | Title of Class of Securities:
Common Stock, par value $.0001 |
(b) | Name of Issuer:
Cross Country Healthcare, Inc. |
(c) | Address of Issuer's Principal Executive Offices:
6551 Park of Commerce Blvd NW, Boca Raton,
FLORIDA
, 33487. |
Item 2. | Identity and Background |
|
(a) | Magnetar Financial LLC, a Delaware limited liability company ("Magnetar Financial"), Magnetar Capital Partners LP, a Delaware limited partnership ("Magnetar Capital Partners"), Supernova Management LLC, a Delaware limited liability company ("Supernova Management"), and David J. Snyderman ("Mr. Snyderman") (collectively, the "Reporting Persons"). |
(b) | 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201 |
(c) | Magnetar Financial is a Securities and Exchange Commission ("SEC") registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended, and manager of investment funds and managed accounts. Magnetar Financial serves as investment adviser to each of the Funds. In such capacity, Magnetar Financial exercises voting and investment power over the Shares held for the accounts of each of the Funds. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Snyderman.
Magnetar Asset Management LLC ("Magnetar Asset Management") is an SEC registered investment adviser and an affiliate of Magnetar Financial. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Asset Management.
Each of the Funds is a private investment fund; Magnetar Financial is a privately-held SEC registered investment adviser and manager of investment funds and managed accounts; Magnetar Capital Partners is a privately-held limited partnership and serves as the sole member and parent holding company of Magnetar Financial; Supernova Management is a privately-held limited liability company and is the general partner of Magnetar Capital Partners; and Mr. Snyderman is a citizen of the United States of America, manager of Supernova Management and Chief Executive Officer of Magnetar Financial. |
(d) | None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws |
(f) | Magnetar Financial is a Delaware limited liability company. Magnetar Capital Partners is a Delaware limited partnership. Supernova Management is a Delaware limited liability company. Mr. Snyderman is a citizen of the United States of America. |
Item 4. | Purpose of Transaction |
| Since the filing of Schedule 13D on December 20, 2024, the Reporting Persons purchased 377,295 Shares between December 19, 2024 and January 2, 2025 reported herein, which consists of 234,221 Shares purchased by the PRA Master Fund, 99,991 Shares purchased by the Systematic Master Fund,22,272 Shares purchased by the Relative Value Master Fund and 20,811 Shares purchased by the Managed Account.
Each of the Reporting Persons reserves the right to acquire additional securities of the Company in the open market, in privately negotiated transactions, or otherwise, to dispose of all or a portion of the Shares and/or other securities reported in this Statement, or to change their intention with respect to any or allof the matters referred to in this Item 4.
Other than as described above in this Item 4, the Reporting Persons do not have any plans or proposals that relate to, or would result in, any actions or events specified in clauses (a) through (j) of Item 4 to Schedule 13D. |
Item 5. | Interest in Securities of the Issuer |
(a) | The Company reported in their Form 8-K Report filed December 4, 2024,that 32,227,395shares were outstanding as of December 3, 2024.
As of the close of business January 2, 2025, each of the Reporting Persons may have been deemed to have beneficial ownership of 2,324,229 Shares, which consisted of (i) 1,442,879 Shares held for the benefit of the PRA Master Fund and (ii) 615,945 Shares held for the benefit of the Systematic Master Fund, and (iii) 137,207 Shares held for the benefit of the Relative Value Master Fund, and (iv) 128,198 Shares held for the benefit of the Managed Account, and all such Shares represented beneficial ownership of approximately 7.20% of the Shares. |
(b) | As of the close of business January 2, 2025, each of the Reporting Persons may have been deemed to have beneficial ownership of 2,324,229 Shares, which consisted of (i) 1,442,879 Shares held for the benefit of the PRA Master Fund and (ii) 615,945 Shares held for the benefit of the Systematic Master Fund, and (iii) 137,207 Shares held for the benefit of the Relative Value Master Fund, and (iv) 128,198 Shares held for the benefit of the Managed Account, and all such Shares represented beneficial ownership of approximately 7.20% of the Shares. |
(c) | Except as set forth on Schedule A attached hereto and Item 6, the Funds had no transactions in the Shares during the 15 days preceding the date of filing of this Statement. All of the transactions set forth on Schedule A attached hereto were effected in the ordinary course of business of Magnetar Financial for the accounts of each of the Funds. The transactions in the Shares set forth on Schedule Awere effected in open market transactions on the NASDAQ and various other trading markets. |
(d) | No other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Shares that are beneficially owned by the Reporting Persons. |
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
| Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Statement, and any amendment or amendments hereto.
Except as otherwise described herein, no contracts, arrangements, understandings or similar relationships exist with respect to the securities of the Company among or between the Reporting Persons or any other person or entity. |
Item 7. | Material to be Filed as Exhibits. |
| 99.1 Joint Filing Agreement, dated as of January 3, 2025, among the Reporting Persons
99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on January 3, 2025. |