Ingenovis Health, Inc., backed by private investment firms Cornell Capital and Trilantic North America, announced it is acquiring Springboard Healthcare for an undisclosed price.
Citizens Bank, N.A. and KeyBanc Capital Markets 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. Citizens M&A Advisory is acting as financial advisor to Springboard, and Dinsmore & Shohl LLP is acting as its legal advisor.
The transaction is Ingenovis’ third in the past 12 months, following its acquisitions of HealthCare Support, a leading provider of clinical and non-clinical allied staffing services, and VISTA Staffing Solutions, a leading provider of physician staffing services.
Springboard Healthcare is a healthcare travel staffing and education company that specializes in the area of cardiovascular medicine. The company sources talented cardiovascular RNs and technologists who travel to client hospitals in all 50 states.
Founded in 2021, Ingenovis Health is a leading tech-enabled platform for healthcare staffing. Brands in the portfolio include Trustaff Travel Nurses, Fastaff Travel Nursing, U.S. Nursing Corporation, CardioSolution, HealthCare Support and VISTA Staffing Solutions.
According to data captured from the LevinPro HC database, this acquisition represents the 36th healthcare staffing deal of 2022 , which is on par with the previous year (January 1, 2021, through December 13, 2021) when 35 healthcare staffing acquisitions were announced.
