First Advantage provides background screening, identity verification, and risk management services, including pre-employment checks and ongoing monitoring to support compliant hiring. Its platform processes checks across many jurisdictions, combining data collection, verification, and ongoing updates with AI and automation to speed and improve accuracy. The company differentiates itself by operating in 200+ countries, serving industries like healthcare, finance, transportation, and retail, and by emphasizing accuracy, compliance, and security, plus its 2024 acquisition of Sterling Check Corp. Its goal is to help businesses make informed hiring decisions and keep workplaces safe and compliant.
Company Size
10,001+
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
2003
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Privia Health faces challenges despite 24% revenue growth, according to investment research firm StockStory. The healthcare technology company, which operates across 13 US states with over 4,300 providers, struggles with a modest $2.36 billion revenue base and weak 4.7% free cash flow margin over five years. StockStory notes Privia's growth push has led to negative returns on capital. The stock trades at $19.63 per share, or 18 times forward price-to-earnings. In contrast, StockStory highlighted Bloom Energy and First Advantage as promising growth investments. Bloom Energy achieved 91% year-on-year revenue growth and has moved to positive free cash flow. First Advantage grew revenue 32.9% annually, processing over 200 million background screens across 200 countries.
Agreement and Plan of Merger, dated as of February 28, 2024, by and among First Advantage Corporation, Sterling Check Corp. and Starter Merger Sub, Inc. (incorporated by reference to Exhibit 2.1 to First Advantage Corporation’s Registration Statement on Form S-4 filed on April 29, 2024).
The selling stockholders named in this prospectus, including members of management, are offering 15,000,000 shares of common stock. We will not be selling any shares in this offering and we will not receive any proceeds from the sale of our common stock by the selling stockholders.
Registrant’s telephone number, including area code: (888) 314-9761
CoreLogic Announces Closure of Sale of First Advantage Businesses