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SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of Sterling Check; Are Shareholders Getting a Fair Deal?

Retrieved on: 
Thursday, February 29, 2024

Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Sterling Check (NASDAQ: STER) breached their fiduciary duties in connection with the proposed sale of the Company to First Advantage (NASDAQ: FA).

Key Points: 
  • Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Sterling Check (NASDAQ: STER) breached their fiduciary duties in connection with the proposed sale of the Company to First Advantage (NASDAQ: FA).
  • Under the terms of the deal, Sterling Check shareholders will elect to receive either $16.73 in cash or 0.979 shares of First Advantage common stock for each Sterling Check share.
  • Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration.
  • If you are a shareholder in Sterling Check.

First Advantage to Acquire Sterling Check Corp. for $2.2 Billion in Cash and Stock

Retrieved on: 
Thursday, February 29, 2024

First Advantage will issue a combination of cash and stock valuing Sterling at approximately $2.2 billion, including Sterling’s outstanding debt.

Key Points: 
  • First Advantage will issue a combination of cash and stock valuing Sterling at approximately $2.2 billion, including Sterling’s outstanding debt.
  • First Advantage will share additional forward-looking financial information regarding the transaction’s impact at or around the time of closing.
  • The transaction consideration is comprised of approximately $1.2 billion in cash and 27.15 million shares of First Advantage common stock.
  • Under the terms of the agreement, Sterling shareholders will elect to receive either $16.73 in cash or 0.979 shares of First Advantage common stock for each Sterling share.

Sterling Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024

INDEPENDENCE, Ohio, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) a leading global provider of technology-enabled background and identity verification services, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Separately Announces Transaction with First Advantage; Cancels Q4 2023 Earnings Conference Call
    INDEPENDENCE, Ohio, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) a leading global provider of technology-enabled background and identity verification services, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • Organic constant currency revenue decreased 8.2% as base declines offset solid results in other growth drivers in our control.
  • Josh Peirez, Sterling CEO, said, “The fourth quarter of 2023 capped off a solid year in which we made continued progress on our long-term strategy and near-term focus areas.
  • Still, we saw strong results and improvement through the year, including substantial acceleration in our new business and up-sell/cross-sell during the fourth quarter.

Sterling to Report Fourth Quarter 2023 Earnings Results and Host Conference Call on March 6, 2024

Retrieved on: 
Friday, February 2, 2024

INDEPENDENCE, Ohio, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the fourth quarter of fiscal year 2023 before the market opens on Wednesday, March 6, 2024.

Key Points: 
  • INDEPENDENCE, Ohio, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading global provider of technology-enabled background and identity verification services, today announced that it will release financial results for the fourth quarter of fiscal year 2023 before the market opens on Wednesday, March 6, 2024.
  • Sterling will hold a conference call to discuss the results that same day at 8:30 a.m. Eastern Time.
  • To register for the conference call, please click this link .
  • Participants may also access the conference call by dialing 1-833-470-1428 (U.S.) or 1-929-526-1599 (outside the U.S.) and using conference code 152183 approximately ten minutes before the start of the call.

Fountain Selects Sterling as Preferred Background Screening Partner

Retrieved on: 
Wednesday, January 17, 2024

Fountain , the leading comprehensive platform for hiring and onboarding the frontline workforce, and Sterling (NASDAQ: STER), a leading global background screening and identity services provider, marked five years of their successful partnership by announcing Fountain's selection of Sterling as the preferred background screening partner for Fountain clients.

Key Points: 
  • Fountain , the leading comprehensive platform for hiring and onboarding the frontline workforce, and Sterling (NASDAQ: STER), a leading global background screening and identity services provider, marked five years of their successful partnership by announcing Fountain's selection of Sterling as the preferred background screening partner for Fountain clients.
  • This strategic partnership aims to further streamline the screening process for the hospitality, retail, healthcare, gig economy, and logistics industries via tech-enabled compliance solutions and the elimination of manual tasks.
  • As part of this expanded partnership, Fountain and Sterling collaborated to combine Fountain's innovative workforce platform with Sterling's industry-leading screening solutions to streamline the screening process for new hires.
  • “This collaboration will make a significant impact on hiring processes within the industries we serve, ensuring the highest standards of quality and compliance.”
    “Sterling is proud to be selected as Fountain’s preferred background screening partner.

Sterling to Offer Market Leading Clinical Solutions Through Acquisition of Vault Workforce Screening

Retrieved on: 
Tuesday, January 2, 2024

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.

Key Points: 
  • 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.
  • This will enhance Sterling’s suite of pre- and post-employment drug and health solutions, benefiting both Sterling and Vault clients.

Sterling Appoints Jagtar Narula to its Board of Directors

Retrieved on: 
Thursday, December 14, 2023

INDEPENDENCE, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading provider of identity and background services, today announced the appointment of global finance and strategy leader Jagtar Narula to the Sterling Board of Directors.

Key Points: 
  • INDEPENDENCE, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading provider of identity and background services, today announced the appointment of global finance and strategy leader Jagtar Narula to the Sterling Board of Directors.
  • In this capacity, he will serve as an independent director and member of the Audit Committee.
  • “We are thrilled to welcome Jagtar to Sterling’s Board of Directors,” said Mike Grebe, Chair of the Sterling Board of Directors.
  • “I look forward to partnering with him to position Sterling for continued success.”
    “Sterling’s robust set of identity verification solutions and leading cloud-based technology platform position the company well for continued global adoption and growth,” said Jagtar Narula.

Sterling Launches Enhanced Capabilities in Asia Pacific Region

Retrieved on: 
Tuesday, November 28, 2023

INDEPENDENCE, Ohio, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading provider of identity and background services, announced today that Sterling RISQ is being rebranded as ‘Sterling’ in the Asia Pacific (APAC) region, aligned with technology enhancements to deliver best-in-class global background screening and identity programs along with unrivalled local expertise.

Key Points: 
  • INDEPENDENCE, Ohio, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading provider of identity and background services, announced today that Sterling RISQ is being rebranded as ‘Sterling’ in the Asia Pacific (APAC) region, aligned with technology enhancements to deliver best-in-class global background screening and identity programs along with unrivalled local expertise.
  • Sterling’s brand transition in this region, and the strengthening of global screening capabilities, comes as employers around the world are increasingly hiring internationally in the search for the best talent.
  • “We are seeing significant growth in global hiring programs in the APAC region as employers look to attract the best talent from around the world,” said Steve Smith, President, International.
  • Visit Sterling’s new regional websites for the Asia Pacific region:

Sterling and Konfir Announce Partnership to Offer Instant Employment Verifications in the UK

Retrieved on: 
Tuesday, November 7, 2023

INDEPENDENCE, Ohio, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“ Sterling ”), a leading global provider of background screening and identity services, and Konfir, a provider of instant employment verifications for UK workers, are partnering to enhance Sterling’s background screening process.

Key Points: 
  • INDEPENDENCE, Ohio, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“ Sterling ”), a leading global provider of background screening and identity services, and Konfir, a provider of instant employment verifications for UK workers, are partnering to enhance Sterling’s background screening process.
  • As employers are increasingly challenged to quickly fill open roles with qualified candidates, this partnership will dramatically speed up employment verification and improve the candidate experience.
  • “Just as digital identity transforms Criminal Record and Right to Work checks, this partnership will transform employment verification,” says Steve Smith, President of International at Sterling.
  • The offering from Sterling and Konfir is expected to be available in 2024 for organizations across the UK.

Sterling Honored as Best International Power Partner by Prestigious Inc. Awards

Retrieved on: 
Tuesday, October 24, 2023

INDEPENDENCE, Ohio, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading provider of identity and background services, today announced being named to Inc.’s second annual Power Partner Awards in the Best International Power Partner category.

Key Points: 
  • INDEPENDENCE, Ohio, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading provider of identity and background services, today announced being named to Inc.’s second annual Power Partner Awards in the Best International Power Partner category.
  • The Inc. Power Partner Awards honor B2B organizations across the globe that have proven track records supporting businesses and helping them grow.
  • Sterling is among an exclusive list of winning organizations selected out of thousands of applicants.
  • “Working with a partner like Sterling can offer business leaders peace of mind as they grow their workforces globally.