Healthcare Services Group Announces Acquisition of NEXDINE Hospitality
Business Wire•07/10/2026•09:00 ET
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Key Highlights
- ➤HCSG acquired NEXDINE Hospitality for $93.5 million upfront
- ➤NEXDINE acquisition expected to contribute over $150 million in annual revenue
- ➤NEXDINE will operate as HCSG’s wholly-owned subsidiary
- ➤Additional contingent consideration depends on certain performance targets
Expert Statements
Ted Wahl, President and CEO of Healthcare Services Group
“This acquisition represents a significant milestone for HCSG as we expand our footprint into the rapidly growing senior living and hospitality-driven care markets”
Ted Wahl, President and CEO of Healthcare Services Group
“NEXDINE has built an exceptional reputation blending culinary innovation with deep industry expertise. We are honored to partner with NEXDINE’s extraordinary team in their next phase of growth and innovation.”
David Lanci, Founder and CEO of NEXDINE Hospitality
“This combination represents an exciting new chapter for NEXDINE”
David Lanci, Founder and CEO of NEXDINE Hospitality
“For nearly two decades, NEXDINE has been guided by the belief that service begins with great people and strong client relationships. In HCSG, we found a partner who shares those values and our vision for elevating the hospitality experience.”
Healthcare Services Group Announces Acquisition of NEXDINE Hospitality
Deepens Health and Hospitality Services Capabilities, Unlocks New Growth Pathway
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