Profile: Healthcare Services Group Inc (HCSG.O)
27 Nov 2015
Healthcare Services Group, Inc., incorporated on November 22, 1976, provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. The Company operates its business in two segments: Housekeeping and Dietary. The Housekeeping segment includes housekeeping, laundry and linen services. The Dietary segment includes dietary department services. The Company provided its services to the long-term care industry in the United States to over 3,500 facilities in 48 states, as of December 31, 2014. It provides housekeeping services to various client facilities and dietary services to over 900 of such facilities. Dietary consists of managing the client’s dietary department, which is responsible for food purchasing, meal preparation and providing professional dietitian consulting services that include the development of a menu that meets a patient’s dietary needs.
The Company’s housekeeping service involves the management of a client’s housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident areas in the client’s facilities. Its laundry services are under the responsibilities of the housekeeping department and include the laundering and processing of the residents’ personal clothing. The Company provides laundry services to various housekeeping clients. The Company’s linen services include providing, laundering and processing of the sheets, pillow cases, blankets, towels, uniforms and assorted linen items used by the clients’ facilities. The Company’s housekeeping services represented 46% of the Company’s total revenue, as of December 31, 2014. Its laundry and linen services contributed 19% of the total revenue of the Company, as of December 31, 2014.
The Company’s maintenance services consist of repair and maintenance of laundry equipment, plumbing and electrical systems, as well as carpentry and painting. The Company also sells laundry installations to its clients. Through the Company's wholly owned subsidiary, HCSG Staff Leasing Solutions, LLC (Staff Leasing), the Company also engages in administrative functions, including payroll, payroll taxes, insurance coverage and other administrative functions. As a part of its professional employer organization (PEO) service, the Company is also engaged in providing housekeeping and laundry personnel for clients in the health care industry.
The Company’s dietary services consist of managing the client’s dietary department, which is responsible for food purchasing, meal preparation and providing professional dietitian consulting services, which includes the development of a menu that meets a patient’s dietary needs. On-site management is responsible for all daily dietary department activities, with regular support being provided by a district manager specializing in dietary services, as well as a registered dietitian. The Company also offers consulting services to facilities to assist them in dietary department service operations. The Company’s dietary services represented approximately 35% of the Company’s total revenue, as of December 31, 2014.
Healthcare Services Group Inc
3220 Tillman Dr Ste 300
BENSALEM PA 19020-2028