UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities and Exchange Act of 1934 (Amendment No. 3) Cross Country Healthcare, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.0001 Par Value -------------------------------------------------------------------------------- (Title of Class of Securities) 22748P105 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2006 (Date of Event Which Requires Filing of this Statement) Check the following box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |_| Rule 13d-1(c) |X| Rule 13d-1(d) 1 13G ---------------------------- --------------------------- CUSIP No. 22748P105 Page 2 of 5 Pages -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Charterhouse Equity Partners III, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 52-2047386 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,461,432 --------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 2,461,432 PERSON --------------------------------------- WITH 8 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,461,432 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.7% (based on 32,015,023 shares of common stock outstanding as of November 9, 2006) -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- 2 Item 1(a). Name of Issuer: Cross Country Healthcare, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 6551 Park of Commerce Blvd., N.W. Boca Raton, FL 33487 Item 2(a). Name of Person Filing Charterhouse Equity Partners III, L.P. Item 2(b). Address of Principal Business Office or, if None, Residence 1105 N. Market Street Suite 1300 Wilmington, DE 19899 Item 2(c). Citizenship Delaware Item 2(d). Title of Class of Securities: Common Stock, $.0001 par value Item 2(e). CUSIP Number: 22748P105 Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable. Item 4. Ownership (a) Amount beneficially owned: 2,461,432 (b) Percent of Class: 7.7% (based on 32,015,023 shares of Common Stock outstanding as of November 9, 2006) (c) Number of shares as to which person has: Sole power to vote: 2,461,432 Shared power to vote: -0- Sole power to dispose of: 2,461,432 Shared power to dispose of: -0- Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable. 3 Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of the Group Not Applicable. Item 10. Certifications. Not Applicable. 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. CHARTERHOUSE EQUITY PARTNERS III, L.P. By: CHUSA Equity Investors III, L.P., general partner By: Charterhouse Equity III, Inc., general partner By: /s/ CHERI LIEBERMAN --------------------------------------------- Name: Cheri Lieberman Title: Chief Financial Officer Date: February 12, 2007 5