Vault Health, Inc.

Vault Health, Inc. is a US-based company specializing in workforce screening solutions, offering services such as background checks, drug screening, and occupational healthcare to ensure compliance and safety across various industries. Founded in 2018 in Coral Gables, US, Vault Health, Inc. focuses on workforce screening solutions.

The company underwent a strategic acquisition by Science 37, Inc. in June 2020, which enhanced its capabilities in clinical trial workflow orchestration. The firm has attracted attention from investors, raising USD 30. 00 mn in a Series A funding round led by Tiger Capital Group, with participation from Carlyle Group, Declaration Capital, and Redesign Health.

Their total funding raised amounts to USD 30. 00 mn. Vault Workforce Screening specializes in comprehensive background checks, drug screening, and occupational healthcare solutions. By utilizing a nationwide network of collection sites, their services are customizable to meet the needs of various sectors including aviation, healthcare, and construction.

The company also provides industry-specific physicals and health screenings to ensure employees meet health requirements for their roles. Vault Workforce Screening generates its revenue through partnerships and subscription-based models, primarily targeting employers and staffing agencies. Their service offerings are packaged as comprehensive programs, ensuring compliance and ongoing support. Clients can inquire directly for specific pricing details associated with their services, which include background checks and drug testing.

Looking forward, Vault Health plans to leverage the recent Series A funding of USD 30. 00 mn to expand its service offerings and enhance its market presence. They aim to develop new products tailored to evolving client needs, with specific timelines yet to be announced. Additionally, the company is focusing on expanding its reach into new geographic markets, particularly in regions where demand for workforce screening solutions is increasing.

The funding will support these initiatives, helping the company to further solidify its position in the workforce management sector.