Cross Country Healthcare Inc. (NASD: CCRN) struck a deal to acquire Mediscan, a provider of healthcare staffing based in Woodland Hills, Calif., in a transaction expected to close this quarter. Cross Country will pay $33 million, including $28 million in cash and $5 million in stock. It could also pay an additional earn-out of up to $7 million based on Mediscan’s performance during the next two years.

Mediscan’s projected revenue for fiscal year 2015 is approximately $40 million. The firm’s business is concentrated in California, but the company provides services across 11 states to more than 300 clients through more than 70 specialties. It serves the healthcare and education markets.

Founding member Val Serebryany will remain with Mediscan after the acquisition, as will Mediscan President and CEO Dennis Ducham.

“Mediscan not only expands our healthcare staffing offerings but extends our reach into both the fast-growing public school and charter school markets, which are also large users of healthcare staffing services,” said Cross Country President and CEO William Grubbs. “Mediscan’s proven leadership team built a strong brand, and we see significant growth opportunities in both the healthcare and education markets. We believe that adding Mediscan will enable us to accelerate our revenue growth and improve margins.”

According to a filing with the US Securities and Exchange Commission, the definitive agreement calls for Cross Country to acquire all of the membership interests of Mediscan LLC., Mediscan Diagnostic Services LLC and Mediscan Nursing Staffing LLC from Dennis Ducham, Emily Serebryany, the Emily Serebryany Trust, Val Serebryany, and the Val Serebryany Family Trust.

Cross Country, based in Boca Raton, Fla., ranks as the third-largest healthcare staffing firm in the US.