Healthcare Services Group Reports Third Quarter Results
Business Wire•21/10/2026•07:00 ET
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Key Highlights
- ➤Q3 revenue reached $479.6 million; diluted EPS was $0.36
- ➤Guides Q4 revenue to $535 million to $545 million
- ➤Raised 2027 revenue growth outlook from mid single-digits to low double-digits
- ➤Acquired NEXDINE Hospitality for $93.5 million upfront, adding over $150 million annual revenue
- ➤Recorded $6.1 million estimated recovery from Genesis Bankruptcy case developments
Expert Statements
Ted Wahl, Chief Executive Officer of Healthcare Services Group, Inc.
“Our strong third quarter results reflect the underlying strength of our business fundamentals and disciplined operational execution. The organic growth inflection we planned for, and are now delivering, sets the stage for fourth quarter revenue in the range of $535 to $545 million and low double-digit top-line growth in 2027.”
Ted Wahl, Chief Executive Officer of Healthcare Services Group, Inc.
“Our acquisition of NEXDINE Hospitality in early October represents a significant milestone, deepening our health and hospitality services capabilities and unlocking new growth pathways in senior living and hospitality-driven markets. We are excited to partner with the NEXDINE team in their next phase of growth and innovation.”
Ted Wahl, Chief Executive Officer of Healthcare Services Group, Inc.
“Looking ahead, the strong demand for our services, our expanded operational expertise, and extraordinary team members give us great confidence in our growth trajectory across healthcare, senior living, and campus environments. With the industry at the beginning of a multi-decade demographic tailwind, our unified health and hospitality services platform strategically positions us to fulfill our Vision and drive sustained long-term value creation for our shareholders.”
* Cash flow from operations of $30.2 million; cash flow from operations, excluding the change in payroll accrual, of $20.7 million
* Expands footprint in senior living and hospitality markets through the acquisition of NEXDINE Hospitality
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