Articles from Healthcare Services Group, Inc.

Healthcare Services Group, Inc. (NASDAQHCSG) today reported results for the three months ended September 30, 2024.

Healthcare Services Group, Inc. (NASDAQHCSG) today announced the appointment of Vikas Singh as EVP & Chief Financial Officer, effective September 3, 2024. He will oversee HCSG’s accounting and finance operations, and play a key role in corporate development, investor relations, and the success of its long-term growth strategy.

Healthcare Services Group, Inc. (NASDAQHCSG) today reported results for the three months ended June 30, 2024.

Healthcare Services Group, Inc. (NASDAQHCSG) today issued the following statement in response to LaVie Care Centers’ announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Georgia. As a result of LaVie’s filing, the Company estimates a Q2 non-cash charge of approximately $0.20 per share. The Company expects to continue providing services to LaVie and expects no impact on future revenue or earnings. Additionally, the Company anticipates no disruption in postpetition payments and reiterates its previously shared Q2 and 2024 adjusted cash flow expectations of $5.0 million to $15.0 million and $40.0 million to $55.0 million, respectively.

Healthcare Services Group, Inc. (NASDAQHCSG) today reported results for the three months ended March 31, 2024.

Healthcare Services Group, Inc. (NASDAQHCSG) today reported results for the three months ended December 31, 2023.

Healthcare Services Group, Inc. (NASDAQHCSG) today reported results for the three months ended September 30, 2023.

Healthcare Services Group, Inc. (NASDAQHCSG) reported for the three months ended June 30, 2023 revenue of $418.9 million, GAAP net income of $8.6 million, or $0.12 per basic and diluted common share, and adjusted EBITDA of $26.3 million.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended March 31, 2023 revenue of $417.2 million, GAAP net income of $12.7 million, or $0.17 per basic and diluted common share, and adjusted EBITDA of $27.5 million.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended December 31, 2022 revenue of $424.0 million, net income of $16.2 million, or $0.22 per basic and diluted common share, and cash flow from operations of $22.9 million. The Company also announced that, as part of a comprehensive rebalancing of its capital allocation strategy, its Board of Directors has suspended the quarterly cash dividend on its common stock and authorized the repurchase of up to 7.5 million shares of its common stock.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended September 30, 2022 revenue of $414.5 million and net income of $0.3 million. The Company’s Board of Directors declared a quarterly cash dividend of $0.215 per common share, the 77th consecutive increase since the initiation of dividend payments in 2003.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended June 30, 2022 revenue of $424.9 million and net income of $6.8 million, or $0.09 per basic and diluted common share. The Company’s Board of Directors declared a quarterly cash dividend of $0.21375 per common share, the 76th consecutive increase since the initiation of dividend payments in 2003.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) has agreed to settle (the “Settlement”) the shareholder derivative actions entitled McCollum v. Wahl, et al., No. 2:20-cv-03426 (E.D. Pa.) and Batan, et al. v. Wahl, et al., No. 2:21-cv-02810 (E.D. Pa.), which had been pending in the United States District Court for the Eastern District of Pennsylvania (the “Federal Court”), and Reisman, et al. v. Wahl, et al., No. 2021-03255 and Berezin, et al. v. Wahl, et al., No. 2021-03366, which had been pending in the Court of Common Pleas of Bucks County, Pennsylvania against the Company, as a nominal defendant, and certain of the Company’s current and former directors and executive officers. Pursuant to the Settlement, and without any admission of fault or wrongdoing by the defendants, the Company will agree to continue and/or adopt certain corporate governance practices and to pay $1 million for plaintiffs’ counsel fees and expenses, which amount will be paid by the Company’s insurance policy. The Settlement remains subject to court approval. The Federal Court has granted preliminary approval of the proposed Settlement. A copy of the Notice of Proposed Derivative Settlement is included below.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended March 31, 2022 revenue of $426.8 million and net income of $11.3 million, or $0.15 per basic and diluted common share. The Company’s Board of Directors declared a quarterly cash dividend of $0.2125 per common share, the 75th consecutive increase since the initiation of dividend payments in 2003.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended December 31, 2021 revenue of $420.4 million and net income of $2.1 million, or $0.03 per basic and diluted common share. The Company’s Board of Directors declared a quarterly cash dividend of $0.21125 per common share, the 74th consecutive increase since the initiation of dividend payments in 2003.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended September 30, 2021 revenue of $415.6 million and net income of $9.5 million, or $0.13 per basic and diluted common share. The Company’s Board of Directors declared a quarterly cash dividend of $0.21 per common share, the 73rd consecutive increase since the initiation of dividend payments in 2003.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) today announced it has entered into a settlement with the Securities and Exchange Commission (the “SEC”), resolving a previously reported investigation into the Company’s earnings per share calculations from 2014 to 2017. Under the terms of the settlement, the Company neither admitted nor denied the SEC's charges and agreed to pay a civil monetary penalty of $6.0 million.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended June 30, 2021 revenue of $398.2 million, net income of $9.6 million, or $0.13 per basic and diluted common share, and cash flow from operations of $25.3 million. The Company’s Board of Directors declared a quarterly cash dividend of $0.20875 per common share, the 72nd consecutive increase since the initiation of dividend payments in 2003.

Healthcare Services Group, Inc. (NASDAQHCSG) (the “Company”) reported for the three months ended March 31, 2021 revenue of $407.8 million and net income of $24.7 million, or $0.33 per basic and diluted common share. The Company’s Board of Directors declared a quarterly cash dividend of $0.2075 per common share, the 71st consecutive increase since the initiation of dividend payments in 2003.