Ingenovis Health’s Acquisition of HealthCare Support Staffing

Davis Polk advised Cornell Capital and Trilantic Partners as sponsors and Ingenovis Health, Inc. on the deal.

Ingenovis Health, Inc. announced 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 included partners William J. Chudd (Picture) 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 included partner Veronica M. Wissel and associate Tessa Patti. The tax team included partner Ethan R. Goldman and associate Dylan J. Steiner.

Involved fees earner: William Chudd – Davis Polk & Wardwell; Michael Fan – Davis Polk & Wardwell; Sartaj Gill – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Sarah Moller – Davis Polk & Wardwell; Tessa Patti – Davis Polk & Wardwell; Darren Schweiger – Davis Polk & Wardwell; Dylan Steiner – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Daisy Wu – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Cornell Capital LLC; Ingenovis Health;