Novation Companies, Inc.
NOVC
Other OTC0.01
USD
+0.01
- -
Novation Companies, Inc.
NOVC
(Other OTC)
Recent
price
0.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Novation Companies, Inc. (NOVC) operates as a holding company focused on healthcare staffing services through its wholly owned subsidiary, Healthcare Staffing, Inc. The company provides outsourced full-time and part-time healthcare staffing and related human resources solutions, primarily to Community Service Boards in Georgia that deliver behavioral health services including mental health care, developmental disabilities programs, and substance abuse treatments; it also serves hospitals, schools, crisis units, clinics, doctors offices, prisons, and privately owned businesses across the state. Founded in 1996 as NovaStar Financial, Inc., a former residential mortgage originator that restructured and exited the lending business by 2008, Novation changed its name in May 2012 and is headquartered in Kansas City, Missouri. Healthcare Staffing, Inc., based in Atlanta, Georgia, specializes in on-site medical staffing with a track record of strong relationships with federal, state, and local government healthcare facilities; the company was acquired by Novation in August 2017 for a significant investment that marked a strategic pivot to healthcare services. Novation has liquidated or sold prior subsidiaries such as StreetLinks Lender Solutions, an appraisal services provider, and Corvisa Services, a technology and software development unit, to concentrate operations on healthcare staffing. In recent years, the company maintains a low-profile operational stance with no major publicly announced acquisitions, partnerships, funding rounds, or expansions since the 2017 Healthcare Staffing acquisition, amid minimal trading activity and outdated profile data across financial platforms.