Cross Country Healthcare Inc. (NASD: CCRN) reported third-quarter revenue rose 13.4 percent on a year-over-year basis. The Boca Raton, Fla.-based healthcare staffing firm’s revenue was $131.2 million in the quarter, compared with $115.7 million a year ago.

Revenue from Cross Country’s nurse and allied staffing division, which accounts for more than half of the company’s revenue, jumped 26.0 percent in the quarter to $73.4 million. Clinical trial services revenue at the company rose 6.8 percent to $16.8 million.

Revenue slipped in Cross Country’s other two divisions. Physician staffing revenue dropped 1.5 percent to $30.8 million, and revenue in “other human capital management services” fell 2.2 percent to $10.2 million. The other human capital management services segment includes education, training and retained search.

“Our nurse and allied staffing segment delivered strong top and bottom line growth year-over-year in the third quarter driven by a broad-based resurgence in demand,” said President and CEO Joseph Boshart. “The fact that net weeks booked were up 24 percent during the third quarter suggests the fourth quarter should show similar year-over-year comparisons, which also bodes well for our largest segment as we enter 2012. Currently, there appears to be nothing in our metrics that would be consistent with an economic slowdown from current levels.”

Third-quarter gross margin slipped to 27.2 percent from 28.0 percent. Net income nearly doubled in the third quarter, rising 95.0 percent to $1.8 million from $916,000 in the year-ago period.

The company expects fourth-quarter revenue of between $126.0 million and $128.0 million, compared with $113.7 million posted in the 2010 fourth quarter.

Cross Country Healthcare Inc. (NASD: CCRN)
For the quarter ended Sept. 30, 2011, compared with the year-ago period
Revenue: $131.2 million, +13.4 percent
Net income: $1.8 million, +95.0 percent