Healthcare recruiter Cross Country Healthcare in the US has seen a marginal increase in year-on-year revenue of 4%, according to results for the second quarter ended 30 June 2016.

The results, published late yesterday, reveal revenue of $199.4m (£149.4m), compared to $192.6m in the same period last year.

Revenue from the group’s nurse and allied staffing division was $172m and increased 13% year-on-year. The group attributed this to improved pricing and the positive impact of its acquisition of temp healthcare recruiter Mediscan in October 2015.

However, revenue from the group’s physician staffing business was $23.9m and fell 20% year-over-year, which it attributed to a decrease in the volume of business. 

Revenue from the firm’s ‘other human capital management services’ division also fell, and stood at $3.5m, down 66% year-on-year. The group attributed this decline to the divestiture of its education seminars business in August 2015. 

Meanwhile, revenue from its physician and executive search business was down 20%, compared to 2015.

Cross Country’s results at a glance:

Revenue was $199.4m compared to $192.6m, up 4% year-over-year

• Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) was $11.1m, or 5.5% of revenue versus $8.2m, or 4.2% of revenue in the prior year, up 35% year-over-year
• Adjusted EPS (earning per share) was $0.16 compared to $0.10 in the prior year
• Generally accepted accounting principles (GAAP) net loss was $17.2 million, or $0.54 per diluted share, including non-cash impairment charges and a loss on derivative liability
• Cash flow from operations was $10.3 million compared to $5.7 million in the prior year.