IAC Inc. - IAC STOCK NEWS

HomeStars, Canada’s largest verified home service network, has partnered with Perch to provide flexible refinancing options for homeowners. This partnership aims to assist Canadians in funding renovations by using home equity, addressing the financial strain many are experiencing in the current volatile housing market. With 20% of homeowners needing financial assistance for renovations, this initiative allows them to enhance their property values without upfront costs. HomeStars connects homeowners to vetted professionals, ensuring quality and reliability in home improvement projects.

The Marshall Plan for Moms launched a report highlighting the significance of expanded child care benefits for employee recruitment and retention, especially for women. Key findings reveal that 69% of mothers would prefer employers offering child care support, while 83% consider it critical for job retention. The report also identifies alarming statistics: 80% of families find child care unaffordable and only 13% of toddlers access high-quality care. In response, the Coalition aims to develop equitable child care solutions, with participants including Archewell and Synchrony, focusing on improving workplace environments for working parents.

Virta Health has appointed Shane Henderson as Chief Technology Officer to enhance its technology platform, driven by a surge in demand for diabetes reversal solutions. With over 30 years of experience at Signify Health and Match.com, Henderson is expected to lead the advancement of Virta's Continuous Remote Care platform amidst triple-digit growth. The company aims to support the 60% of Americans with metabolic diseases, utilizing advanced telemedicine for personalized patient care and proactive support.

IAC reported its first quarter financial results, available on its investor relations website. The company plans to host a live stream on May 10, 2022, at 8:30 a.m. ET, featuring key executives including CEO Joey Levin and Angi Inc. CEO Oisin Hanrahan, to discuss the results and field questions. IAC continues to focus on building and acquiring companies, currently managing a portfolio of 11 public companies, including Angi Inc. and Dotdash Meredith, while adhering to principles of financial discipline and innovation.

Vivian Health, a company owned by IAC, announced a $60 million investment led by Thoma Bravo, which will enhance its growth in the healthcare job market. Since its acquisition by IAC in 2019, Vivian has expanded its revenue over 45x and has facilitated more than 3 million job applications. The platform currently supports over 700,000 healthcare clinicians and accounts for 15% of U.S. travel nursing placements, representing $1.5B in annual labor spend. The funding will also enable future mergers and acquisitions.

IAC (NASDAQ: IAC) will announce its first quarter results on May 9, 2022, following market close. CEO Joey Levin will also release a shareholder letter that may contain forward-looking information. A live stream video conference is scheduled for May 10, 2022, at 8:30 AM ET, where IAC and Angi Inc. (NASDAQ: ANGI) will discuss their financial results and answer questions. This event will be accessible to the public via a dedicated link. IAC is recognized for its diverse portfolio of businesses, including Angi Inc. and Dotdash Meredith.

IAC (NASDAQ: IAC) has released its monthly metrics for March 2022 on its investor relations website. The company continues its strategy of building businesses and has effectively transitioned from a single entity to a conglomerate with 11 public companies, including Angi Inc. and Dotdash Meredith. IAC remains committed to financially-disciplined approaches, focusing on innovation and acquisition of new products and brands.