INNOVATE Corp. functions as a diversified holding and asset management enterprise that acquires, oversees, and builds best-in-class operating subsidiaries across three primary sectors: infrastructure, life sciences, and spectrum operations. Its infrastructure division focuses heavily on advanced structural steel fabrication and construction services, while its life sciences portfolio invests in medical technologies, kidney function monitoring systems, and aesthetic dermatology devices. Additionally, its spectrum segment operates an extensive portfolio of over-the-air television broadcasting stations and digital datacasting networks across the United States.