Healthcare Services Group

Healthcare Services Group, Inc. (HCSG) is a leading provider of management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of healthcare facilities across the United States.

Established in 1976 and headquartered in Bensalem, Pennsylvania, HCSG has grown to become one of the largest companies in its sector, employing approximately 35,300 individuals.

Primary Segments

• Housekeeping Services: Responsible for cleaning, disinfecting, and sanitizing resident rooms and common areas. Manages laundering and processing of bed linens, uniforms, resident personal clothing, and other linen items.
• Dietary Services: Oversees food purchasing, meal preparation, and professional dietitian services. Develops menus to meet dietary needs of residents and provides on-site management and clinical consulting to facilities.

HCSG's clientele includes a diverse range of healthcare facilities such as nursing homes, retirement complexes, rehabilitation centers, and hospitals.

The company's services support infection prevention and control initiatives, provide nutritious meals, and deliver people-centered nutritional care.

Financial Overview

As of December 31, 2023, HCSG reported annual revenues of $1.76 billion, reflecting its significant presence in the healthcare services industry.

Locations

HCSG operates across various states in the U.S., including South Carolina, Texas, Florida, Virginia, New Jersey, Connecticut, and Colorado.

In addition, they have locations in:

• Toledo, OH, USA
• Torrance, CA, USA
• Bloomington, IN, USA
• Washington, DC, USA
• Everett, WA, USA
• Lafayette, LA, USA
• Suffolk, VA, USA
• Newport News, VA, USA
• Las Cruces, NM, USA
• Hampton, VA, USA
• Charleston, WV, USA
• Pasadena, CA, USA
• Milwaukee, WI, USA
• Las Vegas, NV, USA
• Louisville, KY, USA
• Seattle, WA, USA
• Clarksville, TN, USA
• Little Rock, AR, USA
• Mobile, AL, USA
• Portland, OR, USA

Leadership and Public Trading

HCSG is publicly traded on the NASDAQ under the ticker symbol HCSG.

The company’s leadership team is headed by President and CEO Theodore Wahl.