Healthcare Staffing, Inc. Acquired by Novation

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.