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InGenesis Acquires Kelly Services´ Healthcare Business
Friday 12 January 2018

12 January 2018 - Texas, US-based healthcare staffing firm InGenesis, Inc. has acquired Michigan, US-based workforce management company Kelly Services' (NASDAQ: KELYA) (NASDAQ: KELYB) healthcare specialty business to strengthen InGenesis' position in healthcare workforce management, the company said.
Terms of the agreement were not disclosed.
Kelly employees will transition to InGenesis. No positions were eliminated as a result of the acquisition.
Kelly Services said InGenesis' expertise in the field of healthcare would allow the healthcare segment to flourish, as well as provide solutions to this customer base.
The transaction will be completed in February 2018 and is fully financed by InGenesis, underscoring two decades of financial growth and independence without relying on outside investors.
InGenesis' portfolio includes managed service programmes, recruitment process outsourcing, consulting and staffing solutions. The company currently manages thousands of healthcare professionals at hundreds of client locations across the country.
This acquisition expands the company's portfolio, further solidifying InGenesis as a top-tier supplier, fueled by their access to high-demand healthcare professionals.
Kelly Services, Inc. and its subsidiaries offer a comprehensive array of outsourcing and consulting services as well as staffing on a temporary, temporary-to-hire and direct-hire basis. Kelly directly employs nearly 500,000 people around the world in addition to having a role in connecting thousands more with work through its global network of talent suppliers and partners.
Revenue in 2016 was USD 5.3bn.
Date Published: 12/01/2018
Target: Kelly Services/ healthcare specialty business
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Status: Closed
Vendor: Kelly Services
Buyer: InGenesis, Inc
Terms of the deal were not disclosed