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Ingenovis Health Acquires Springboard Healthcare

Dec 22, 2022•almost 3 years ago

Acquiring Company

Ingenovis Health

Acquired Company

Springboard Healthcare

Media And EntertainmentTravel And TourismTravelHealth Care

Description

Ingenovis Health, Inc. ("Ingenovis" or “the Company”), a leading technology-enabled healthcare talent provider backed by private investment firms Cornell Capital and Trilantic North America, today announced that it has acquired Springboard Healthcare (“Springboard”), a leading healthcare travel staffing and education company specializing in cardiovascular medicine. Financial terms of the transaction were not disclosed.

Company Information

Company

Ingenovis Health

About

Ingenovis Health is an ingenious new force in healthcare combining the power of industry-leading staffing firms and enhanced technology to advance delivery of critical healthcare clinicians to systems nationwide. Brands in the portfolio currently include trustaff, Fastaff Travel Nursing, U.S. Nursing Corporation, CardioSolution and HealthCare Support. For more information, visit www.ingenovishealth.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed