Ingenovis Health Inc.

Overview Key strengths Key risks Top 4 provider of traditional travel nurse staffing and a leader in rapid response and labor dispute staffing. More modest scale than competitors and a concentration in the highly fragmented and competitive nurse and allied staffing industry. Top 5 provider in the Locum Tenens marketplace through its acquisition of VISTA. Expectation for ongoing debt-financed acquisitions. Lack of a direct exposure to government or insurance payers limits reimbursement risk. Private equity ownership will likely result in aggressive financial policies. Strong operating margins and positive free cash flow generation. The company operates on a modest scale relative to its peers with about $1.8 billion of estimated revenue in 2022, which is up from about $1.4 billion in

...Ingenovis Health Inc. has modest scale and a concentration in the highly fragmented and competitive nurse and allied staffing industry. The company operates on a modest scale relative to its peers with about $1.8 billion of estimated revenue in 2022, which is up from about $1.4 billion in 2021. Ingenovis provides staffing through its direct channels to hospitals or health care systems and as a partner to managed service providers (MSPs), including larger health care staffing players such as AMN Healthcare, Medical Solutions, and AYA Healthcare. The company generates about 55% of its revenue from MSP channels and about 45% from its direct...

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