Ingenovis Health acquisition of HealthCare Support Staffing
Davis Polk is advising Cornell Capital and Trilantic Partners as sponsors and Ingenovis Health, Inc. on its acquisition of HealthCare Support Staffing, Inc. The transaction is expected to close in the first quarter of 2022, pending regulatory approvals. Financial terms of the transaction were not disclosed.
Ingenovis Health, a portfolio company of Cornell Capital and Trilantic Partners, is a tech-enabled platform for healthcare staffing. HealthCare Support Staffing is a national healthcare staffing platform providing a full range of customized hiring solutions across the United States. Cornell Capital is a $4 billion private investment firm founded in 2013 by Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division. Trilantic is a private equity firm founded in 2009 that specializes in middle-market companies. Trilantic invests broadly across management buyouts, private company recapitalizations and growth equity.
The Davis Polk corporate team includes partners William J. Chudd and Darren M. Schweiger and associates Daisy Wu and Sarah H. Moller. The finance team includes partner Sartaj Gill and associate Michael Fan. The executive compensation team includes partner Veronica M. Wissel and associate Tessa Patti. The tax team includes partner Ethan R. Goldman and associate Dylan J. Steiner. All members of the Davis Polk team are based in the New York office.