Predict your next investment

Corporation
prolink.insure

See what CB Insights has to offer

About Prolink

Prolink is a provider of insurance solutions.

Prolink Headquarter Location

150 King Street West Suite 2401

Toronto, Ontario, M5H 1J9,

Canada

416-595-7484

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Prolink News

Exclusive: Here’s where the Health Department’s $900M in Covid contracts went

Aug 3, 2021

ProLink, a temporary-staffing agency in Cincinnati, received two contracts worth more than $191 million combined. The company did not respond to requests for comment. BioReference, a subsidiary of publicly traded Opko Health, based in Elmwood Park, N.J., received contracts worth more than $165 million from the Health Department for diagnostic and antibody testing. Company spokeswoman Hillary Titus declined to disclose details on the figures or make an executive available for an interview. Financial filings suggest the state contracts were a boon to BioReference and Opko, which swung to a profit in the second quarter of last year thanks to the Covid-19 testing business, including the three contracts with the New York Health Department. Opko’s diagnostics division reached $40.9 million in operating income on $251 million in revenue during the second quarter of last year, compared with a loss of $28 million during the same period in 2019. “BioReference’s Covid-19 testing volume has positively impacted our profitability, but we had, until recently, incurred losses since our inception,” Opko wrote in its 2020 annual report to the U.S. Securities and Exchange Commission. The Health Department has paid BioReference $16 million of the contracted amount to date, according to the state comptroller’s office. Its services have included the operation of drive-through testing sites, antibody testing for first responders and essential workers, rapid testing sites in New York City and a mobile testing center in Westchester County. The Health Department awarded one of its largest contracts—$106 million—in January to Essey, an entity set up by Murray Hill–based employment agency TemPositions to disburse funds to a wider net of staffing companies, Chief Executive James Essey said. Essey said the Health Department reached out to TemPositions in December for help finding about 4,000 workers to vaccinate New Yorkers. The department had worked with TemPositions to provide nurses for the Javits Center’s temporary hospital. Under what Essey described as a blanket contract, TemPositions assembled a consortium of 35 staffing firms that belong to the New York Staffing Association, a trade group that TemPositions helped found. The consortium supplied 4,500 workers across 28 vaccination sites at the height of its operations, Essey said. A number of those sites have since closed. The Health Department has so far paid TemPositions’ consortium nearly $66 million of its contracted amount. “TemPositions and the New York Staffing Association have been honored to be able to work together in this unique public-private partnership to ensure the proper staffing of the vaccination sites while offering employment opportunities, especially in the nonclinical areas, to individuals who had little other work opportunities available,” Essey said. Health Department spokesman Jeffrey Hammond said the five companies’ contracts pertained to Covid-19 testing and vaccinations and were selected under Gov. Andrew Cuomo’s executive order. They were not subject to pre-audit—which means the state comptroller did not have to approve them beforehand. Hammond declined to disclose additional details about the contracts.

Prolink Acquisitions

1 Acquisition

Prolink acquired 1 company. Their latest acquisition was Manzer Insurance Services on October 10, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/10/2018

Acquired

1

Date

10/10/2018

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.