Healthcare Linen Services Group, a provider of healthcare laundry services in the Midwest and Central United States, announced a strategic growth investment from York Capital Management’s private equity group, according to a news release. Transaction terms were not disclosed.
Founded in 1915, HLSG is an outsourced provider of mission-critical linen management solutions that partners with healthcare administrators, clinicians and staff across the Midwest and Central U.S. to deliver a wide variety of comfortable, bacteria free linens to thousands of hospitals, physician offices, surgery centers, and nursing homes. The Company operates 11 state-of-the-art processing plants across four premier regional brands – Logan’s Linens (Shelbyville, KY), Logan’s Uniform Rental (Shelbyville, KY), Superior Health Linens (Cudahy, WI), and Textile Care Services (Rochester, MN) – that manage more than 185 million pounds of healthcare linen on an annual basis for over 500 customers in 12 states.
Joe LaPorta, CEO of HLSG, said, “I am looking forward to our new partnership with York Private Equity, and the growth opportunities they provide through both capital and expertise. Today’s Healthcare customers demand sustainability and scale to support their mission of quality care and geographical expansion. HLSG will leverage this new partnership with York to both solidify our footprint and enter new geographies via strategic acquisitions. We will also continue to invest in automating our existing facilities, accelerating our growth, and furthering our commitment to providing the highest level of quality and service to our customers.”
“HLSG is one of the leading outsourced healthcare linen providers both regionally and nationally,” said Seth Pearson, Managing Director at York Private Equity. “Our investment in the Company aligns with our goal of backing strong management teams with additional capital to drive value for their customers, enter new markets, and execute on their growth strategy.”
For more information and the full release go here