INDEPENDENCE, Ohio, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ:STER) ("Sterling"), a leading global provider of background screening and identity services, today announced that it has acquired Vault Workforce Screening ("Vault"), a leading U.S. clinic management platform. The acquisition brings a network of 17,000 clinics and a flexible service model to enhance Sterling's existing drug and health services. This will enable Sterling to deliver additional market leading screening solutions for employers in healthcare, transportation, and other regulated industries where staffing challenges are most acute, decreasing time-to-hire and improving employee retention.
As part of Sterling's strategy to in-source key components of its supply chain, the acquisition of Vault will accelerate and strengthen Sterling's financial model and revenue growth. Vault's proprietary service model, including Medical Review Officer (MRO) services and emergency/after-hours scheduling, will bring increased flexibility and control over delivery of drug and clinical ...