KANSAS CITY, Mo., Aug. 21, 2017 /PRNewswire/ -- Novation
Companies, Inc. (OTC: NOVC) has acquired Healthcare Staffing, Inc. (HCS). Based in Atlanta, HCS
is the largest provider of outsourced healthcare workers in Georgia. HCS provides a full line of
human resources and staffing outsourcing services and has strong relationships with healthcare providers. A significant portion
of the business of HCS is generated from its unique outsourcing solutions for Federal, State, and Local governments for
healthcare and mental health facilities.
"The acquisition of HCS is a significant step forward for Novation. HCS has a solid track record and great reputation in
Georgia and we see good opportunity for continued growth," said Jeff
Eberwein, Executive Chairman of Novation.
Richard Rector will be retained as the leader of HCS as President and Chief Executive Officer.
Mr. Rector has been instrumental in expanding the HCS business in the healthcare market. With more than thirty years of staffing
industry experience Mr. Rector is well regarded for providing the highest level of service to clients and employees. All other
members of the HCS management are expected to continue in their existing roles under the Novation ownership and HCS' headquarters
will continue to be in Atlanta.
"The HCS team is looking forward to our new business partnership with Novation and continuing our success here in Georgia and hopefully beyond. I am proud of what we have accomplished so far and have high expectations for
even greater success," said Mr. Rector. "And our customers can rest assured the transition to the Novation ownership will be
smooth and seamless."
For media inquiries please contact:
Richard M. Rector
Chief Executive Officer
HealthCare Staffing, Inc.
1724 Phoenix Parkway
College Park, GA 30349
(770) 991-2515 x104
RRector@healthcare-staffing.com
About Healthcare Staffing Incorporated
Healthcare Staffing Incorporated is a recognized leader in healthcare staffing, headquartered in Atlanta GA, and employs more than 1,900 employees in more than 250 facilities, and specializes in custom
approaches for each client. www.healthcare-staffing.com
About Novation Companies, Inc.
Novation Companies Inc. trades on the OTC Markets' Group inter-dealer quotation service under the symbol NOVC.
For more information, please visit www.novationcompanies.com or contact Carolyn Campbell, Chief Financial Officer,
816.237.7000 or carolyn.campbell@novationcompanies.com.
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SOURCE Novation Companies, Inc.