Add-on Acquisition • Healthcare Services

Ingenovis Health Acquires CardioSolution

On February 8, 2021, Ingenovis Health acquired healthcare services company CardioSolution

Acquisition Context
  • This is Ingenovis Health’s 1st transaction in the Healthcare Services sector.
  • This is Ingenovis Health’s 3rd transaction in the United States.
  • This is Ingenovis Health’s 2nd transaction in Ohio.

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M&A Deal Summary

Date February 8, 2021
Target CardioSolution
Sector Healthcare Services
Buyer(s) Ingenovis Health
Deal Type Add-on Acquisition
Advisor(s) Citizens Capital Markets (Financial)
Dinsmore & Shohl (Legal)

Target Company

CardioSolution

Cincinnati, Ohio, United States
CardioSolution offers to develop and deliver customized cardiovascular service lines to hospitals across the country. CardioSolution with a team of more than 100 physicians and clinical support staff serving millions of patients across 23 communities nationwide. CardioSolution was founded in 2011 and is based in Cincinnati, Ohio.
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Buyer Overview 1

Buyer

Ingenovis Health

Cincinnati, Ohio, United States

Category Company
Sector Staffing
DESCRIPTION

Ingenovis Health is a tech-enabled platform for healthcare staffing firms and innovative technology to advance the delivery of critical healthcare clinicians to systems nationwide. Ingenovis Health is based in Cincinnati, Ohio.


Deal Context for Buyer #
Overall 3 of 8
Sector: Healthcare Services 1 of 2
Type: Add-on Acquisition 3 of 5
State: Ohio 2 of 2
Country: United States 3 of 8
Year: 2021 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 Trustaff

Cincinnati, Ohio, United States

Trustaff is an operator of a healthcare staffing company that serves a wide variety of healthcare provider needs through trustaff Travel Nurses, which places nurses and allied professionals on 13-week travel assignments, and trustaff Personnel Services, which provides per-diem temporary staffing. trustaff is one of the largest travel nurse staffing firms in the United States, having placed healthcare professionals at more than 2,000 healthcare facilities, including hospitals and medical centers across the country. Trustaff was founded in 2002 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 U.S. Nursing

Greenwood Village, Colorado, United States

U.S. Nursing is a provider of strike preparedness and job action staffing services for hospitals with unionized workforces. U.S. Nursing was founded in 1989 and is based in Greenwood Village, Colorado.

Buy -