The Boca Raton FL-based healthcare staffing firm posted second-quarter revenue of $117.8 million, down 20.9% compared with revenue of $149.0 million in the same period last year.

Second-quarter nurse and allied staffing revenue fell 23.9% to $59.8 million from $78.6 million in the year-ago quarter.

Physician staffing revenue fell 23.3% to $31.3 million. Cross Country said demand for temporary physicians decreased as the weak housing market and lingering effects of the recession have caused some doctors to put off retirement. In addition, the company said fewer surgeries have put a dent in demand.

Clinical trials services second-quarter revenue fell 18.6% to $15.8 million. However, Cross Country's "other human capital management services" revenue rose 6.2% to $10.9 million. The segment includes education, training and retained search.

Second-quarter gross margin at Cross Country rose to 28.6% from 26.6%.

Net income fell 48.6% to $1.2 million in the second quarter from $2.2 million in the same period last year.

The company forecast third-quarter revenue of between $114 million and $117 million, a year-over-year decrease of between 9.7% and 12.1%.

Cross Country Healthcare Inc. (NASD: CCRN)
For the second quarter ended June 30, 2010, compared with the same period in 2009.
Revenue: $117.8 million, -20.9%
Net income: $1.2 million, -48.6%