UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                  Under the Securities and Exchange Act of 1934
                                (Amendment No. 2)

                         Cross Country Healthcare, Inc.
-------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $.0001 Par Value
-------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    22748P105
-------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 August 15, 2005
             (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)

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                                       13G

CUSIP No. 22748P105                                            Page 2 of 5 Pages
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  1    NAME OF REPORTING PERSON

       Charterhouse Equity Partners III, L.P.

       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 52-2047386

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  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP       (a) |_|
                                                              (b) |_|

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  3    SEC USE ONLY

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  4    CITIZENSHIP OR PLACE OF ORGANIZATION

       Delaware

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                            5   SOLE VOTING POWER

                                6,458,934

                            ----------------------------------------------------
                            6   SHARED VOTING POWER

        NUMBER OF               -0-
          SHARES
       BENEFICIALLY         ----------------------------------------------------
         OWNED BY           7   SOLE DISPOSITIVE POWER
           EACH
        REPORTING               6,458,934
          PERSON
           WITH             ----------------------------------------------------
                            8   SHARED DISPOSITIVE POWER

                                -0-

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  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       6,458,934

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  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  |_|

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  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       20.1% (based on 32,163,686 shares of Common Stock outstanding as of
       October 31, 2005)

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  12   TYPE OF REPORTING PERSON

       PN

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                                       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: 6,458,934

            (b)  Percent of Class: 20.1% (based on 32,163,686 shares of Common
                 Stock outstanding as of October 31, 2005)

            (c)  Number of shares as to which person has:

                  Sole power to vote: 6,458,934
                  Shared power to vote: -0-
                  Sole power to dispose of: 6,458,934
                  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.


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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.

                                    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 7, 2006


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