Cross Country Healthcare Inc. (NASD: CCRN), the third-largest US healthcare staffing firm, reported revenue rose 57.0% in the second quarter to $192.6 million, including the acquisition of Medical Staffing Network on June 30, 2014. Revenue rose 4% on a pro forma basis, which treats acquired firms as if the company owned them in both reported quarters.

Cross Country posted net income of almost $2.6 million, compared to a loss of almost $3.2 million in the second quarter of last year. The company also posted $1.0 million in restructuring costs in the second quarter.

Nurse and allied staffing revenue jumped 83.4%  in the second quarter, boosted by the company’s acquisition of Medical Staffing Network; revenue rose 6% on a pro forma basis. Physician staffing revenue edged down.

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“We continue to make significant progress improving our financial performance,” President and CEO William Grubbs said. “In addition, we were able to reduce the interest rate on our subordinated term debt and entered into an agreement to sell Cross Country Education, a non-core business. The US Supreme Court’s recent decision regarding the Affordable Care Act was also a favorable development for our industry that should contribute to our continued growth. I remain very optimistic about our performance and the trends in the business.”

Revenue by segment

Guidance

Cross Country forecast third-quarter revenue of $192 million to $197 million, a year-over-year increase of 2% to 4%.

Share price

Shares in Cross Country rose 2.28% in early afternoon trading today to $12.85. The company had a market cap of $413.24 million, according to Yahoo!