Sterling Check Corp. announced that it was entering an agreement to acquire Vault Workforce Screening for an undisclosed price.
Vault Workforce Screening is a leading U.S. clinic management platform with a network of 17,000 clinics. Vault Workforce Screening provides background screening, drug testing and occupational healthcare solutions. Vault’s proprietary service model includes Medical Review Officer services and emergency/after-hours scheduling.
Sterling Check is a leading provider of background and identity services, offering background and identity verification to help more than 50,000 clients. The company has a robust offering of occupational health screening services. It is based in New York City.
As part of Sterling’s strategy to in-source key components of its supply chain, the acquisition of Vault will accelerate and strengthen Sterling’s financial model and revenue growth. Vault’s proprietary service model will bring increased flexibility and control over delivery of drug and clinical services. This will enhance Sterling’s suite of pre- and post-employment drug and health solutions, benefiting both Sterling and Vault clients.
According to data captured in the LevinPro HC database, this transaction marks the first occupational health acquisition of 2024. Throughout 2023, there were 19 occupational health acquisitions reported.
