Ingenovis Health, Inc., one of the fastest-growing providers of healthcare staffing, announced on November 29 that it has agreed to acquire HealthCare Support, a national healthcare staffing platform providing a full range of customized hiring solutions across the country. Financial terms of the transaction, which is expected to close in the first quarter of 2022, were not disclosed.
Ingenovis Health is a leading tech-enabled platform for healthcare staffing backed by private investment firms Cornell Capital and Trilantic North America. Formed by the combination of trustaff, CardioSolution, Fastaff Travel Nursing, U.S. Nursing Corporation and Stella.ai, Ingenovis Health combines the power of industry-leading staffing firms and innovative technology to advance the delivery of critical healthcare clinicians to systems nationwide.
Founded in 2003, HealthCare Support is one of the largest allied healthcare staffing companies in the United States, partnering with clients to hire professionals from administrative to executive levels in both clinical and non-clinical roles.
“This is a pivotal time for the healthcare industry, and we see tremendous growth opportunities in joining forces with Ingenovis to enhance its leadership in healthcare staffing,” said Chris Abel, President of HealthCare Support. “We look forward to partnering together and, through our combined scale and blue-chip client relationships across brands, helping more healthcare providers address their staffing needs to achieve our collective goals.”
The acquisition of HealthCare Support will support Ingenovis Health’s strategy of growing its platform both organically and through acquisitions of strong, well-run businesses to further expand service offerings, meet the increasing demand for healthcare staffing and create the platform of choice for employers and job seekers in the healthcare field.
Citizens Bank, N.A. and UBS Securities LLC are acting as joint lead arrangers for the transaction. Davis Polk & Wardwell LLP is acting as legal advisor to Ingenovis, Cornell Capital and Trilantic North America. Wells Fargo Securities, LLC is acting as exclusive financial advisor to HSS, and Nelson Mullins Riley & Scarborough LLP is acting as legal advisor.
