Healthcare Services Group, Inc., has announced that it signed a definitive agreement and plan of merger to acquire all of the capital stock of Summit Services Group, Inc., a privately held housekeeping, laundry and food services provider to the eldercare market.based in Newton Lower Falls, MA. The deal is for $17.2 million plus the assumption of approximately $1 million in net liabilities. Like Summit, HSG provides a variety of managed services, including foodservice, to some 1,700 nursing ...
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