Novation Companies (NOVC)

Overall impact
B (67)

Commentary

Novation Companies is a strong overall performer. With a 'B' rating of 67.1 for overall impact (77th percentile compared to all companies), Novation Companies ranks 7th out of 47 industry peers, behind Kennedy-Wilson, American Realty Investors, American Church Mortgage and 3 others, and ahead of CKX Lands, Optibase, Acadia Realty Trust and 37 others. On top material causes for Novation Companies's industry (Real Estate), Novation Companies performs well in Accountable Institutions (83.1 score) and Reduced Inequality (83.7). Novation Companies did not receive a 'D' or 'F' rating on any cause.
Impact
Cause NOVC
Peer rank
Overall impact

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Impact trend

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Company
Employees
1,025
Sector
Real Estate
Industry
Aerospace & Defense
Sub-industry
Real Estate Operating Companies
SASB industry
Real Estate Services
Headquarters
Mo, United States
Share classes
NOVC
Description
Novation Companies, Inc., through its subsidiary, Healthcare Staffing, Inc., provides outsourced health care staffing and related services in Georgia. It also offers its services to hospitals, schools, crisis units, clinics, doctors' offices, prisons, and various privately owned businesses. The company was formerly known as NovaStar Financial, Inc. and changed its name to Novation Companies, Inc. in May 2012. Novation Companies, Inc. was founded in 1996 and is based in Kansas City, Missouri. On August 13, 2023, Novation Companies, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Material causes
Ethos considers the following causes material for Novation Companies, based on its industry sub-industry Real Estate Operating Companies. Learn more about material causes in our methodology overview.

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