olivLaw · US equity research
Healthcare Services Group, Inc. HCSG
Services-Nursing & Personal Care Facilities · SIC 8050 · Vertical: Health services (SIC 805x)
Healthcare Services Group provides housekeeping, laundry, facility maintenance and dietary services to healthcare and long-term care facilities across the United States, and says it is the largest provider of such services to the long-term care industry. Its focus on institutional operational services has been tested by the bankruptcy of a major customer, yet the company reports accelerating growth, with revenue of 1,837.2 million USD in 2025 and 479.6 million USD in the third quarter of 2026.
At the close of 04 Nov 2026, Healthcare Services Group, Inc. (HCSG) stock was 26.54 USD (+3.79% on the day), with market capitalisation 1.8 bn USD, P/E 17.9 on diluted EPS of 1.49 USD over the last 12 months, dividend yield 3.24%, beta 0.74, 52-week range 17.02–26.54 USD. Latest reported quarter (Q3 2026): revenue of 479.6 m USD (+3.3% YoY), net income of 24.9 m USD (−42.1% YoY), diluted EPS 0.36 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 75.2
- overbought (≥ 70)
- Bollinger (20, 2)
- 18.91 – 27.23
- in the upper half of the band · %B 0.92 · band width 36.1%
- SMA 50 / 200
- 22.16 / 21.48
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 1.17 / 0.82
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +25.2% | −1.1% | +26.3 pp | — |
| 3 months | +16.2% | −0.5% | +16.7 pp | — |
| 6 months | +20.3% | +4.4% | +15.9 pp | — |
| Year to date | +38.8% | +12.3% | +26.5 pp | — |
| 1 year | +47.2% | +13.5% | +33.7 pp | +14.2% |
| 3 years | +164.3% | +76.4% | +87.9 pp | +144.3% |
| 5 years | +34.9% | +63.7% | −28.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 437.8 m | 447.7 m | 458.5 m | 464.3 m | 466.7 m | 462.8 m | 470.8 m | 479.6 m |
| Cost of revenue | 379.2 m | 379.7 m | 455.5 m | 367.9 m | 394.6 m | 386.9 m | 396.0 m | 399.2 m |
| SG&A | 44.8 m | 45.0 m | 49.2 m | 50.5 m | 46.2 m | 42.0 m | 52.6 m | 48.5 m |
| Depreciation & amortisation | 3.6 m | 3.9 m | 5.0 m ≈ | 4.0 m ≈ | 3.9 m | 3.8 m | 3.5 m ≈ | 4.1 m ≈ |
| Pre-tax income | 14.8 m | 23.9 m | -41.9 m | 57.3 m | 28.6 m | 34.5 m | 31.0 m | 33.7 m |
| Income tax | 2.9 m | 6.7 m | -9.5 m | 14.4 m | -2.7 m | 8.5 m | 8.3 m | 8.9 m |
| Net income | 11.9 m | 17.2 m | -32.4 m | 43.0 m | 31.2 m | 26.1 m | 22.7 m | 24.9 m |
| Diluted EPS | 0.16 ≈ | 0.23 | -0.44 | 0.59 | 0.44 ≈ | 0.37 | 0.32 | 0.36 |
| Operating cash flow | 36.2 m | 27.5 m | 28.8 m ≈ | 71.3 m ≈ | 17.4 m | 43.7 m | 21.9 m ≈ | 30.2 m ≈ |
| Capex | 1.4 m | 1.7 m | 1.4 m ≈ | 1.3 m ≈ | 1.4 m | 1.4 m | 1.6 m ≈ | 2.1 m ≈ |
| Share repurchases | 1.0 m | 7.0 m | 7.7 m ≈ | 27.3 m ≈ | 19.6 m | 24.0 m | 20.9 m ≈ | 11.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 8 percentile of its own 40-quarter history (min 13.8, median 26.6, max 106.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.0 bn | 1.8 bn | 1.8 bn | 1.6 bn | 1.7 bn | 1.7 bn | 1.7 bn | 1.8 bn |
| Revenue YoY | +7.6% | −8.1% | −4.4% | −6.7% | +2.9% | −1.1% | +2.7% | +7.1% |
| Net income | 83.5 m | 64.6 m | 98.7 m | 48.5 m | 34.2 m | 38.4 m | 39.5 m | 59.1 m |
| Net income YoY | −5.3% | −22.7% | +52.8% | −50.8% | −29.5% | +12.1% | +2.8% | +49.6% |
| Diluted EPS | 1.12 | 0.87 | 1.32 | 0.65 | 0.46 | 0.52 | 0.53 | 0.81 |
| Diluted EPS YoY | −5.9% | −22.3% | +51.7% | −50.8% | −29.2% | +13.0% | +1.9% | +52.8% |
| net % | 4.2% | 3.5% | 5.6% | 3.0% | 2.0% | 2.3% | 2.3% | 3.2% |
| Free cash flow | 75.1 m | 89.2 m | 212.9 m | 31.4 m | -13.4 m | 38.1 m | 24.5 m | 139.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 125.2 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 510.2 m USD
- Total assets
- 794.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 3.38x
- ROE
- 11.7%
- ROA
- 7.4%
- FCF margin
- 7.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.8 bn | 1.6 bn | 1.7 bn | 1.7 bn | 1.7 bn | 1.8 bn | SEC (XBRL)· 13 Feb 2026verified |
| Cost of revenue | 1.5 bn | 1.4 bn | 1.5 bn | 1.5 bn | 1.5 bn | 1.6 bn | SEC (XBRL)· 13 Feb 2026verified |
| Gross profit | 268.0 m ≈ | 230.6 m ≈ | 193.3 m ≈ | 214.7 m ≈ | 228.1 m ≈ | 239.4 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| SG&A | 150.8 m | 173.1 m | 140.3 m | 166.8 m | 183.1 m | 190.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Depreciation & amortisation | 14.3 m | 14.7 m | 15.3 m | 14.3 m | 14.6 m | 16.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Pre-tax income | 129.2 m | 65.5 m | 44.6 m | 53.1 m | 52.9 m | 67.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 30.5 m | 17.0 m | 10.3 m | 14.7 m | 13.5 m | 8.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 98.7 m | 48.5 m | 34.2 m | 38.4 m | 39.5 m | 59.1 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 1.32 | 0.65 | 0.46 | 0.52 | 0.53 | 0.81 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 74.8 m | 75.0 m | 74.4 m | 74.3 m | 74.0 m | 73.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | 0.82 | 0.84 | 0.86 | — | — | — | SEC (XBRL)· 17 Feb 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 139.3 m | 70.8 m | 26.3 m | 54.3 m | 56.8 m | 125.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Receivables | — | — | — | 344.9 m | 330.9 m | 281.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Inventories | — | — | — | — | — | 16.8 m | SEC (XBRL)· 24 Jul 2026verified |
| Current assets | 572.4 m | 546.4 m | 508.6 m | 571.7 m | 556.7 m | 576.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 51.1 m | 74.8 m | 75.5 m | 75.5 m | 75.5 m | 79.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Intangibles (excl. goodwill) | 18.2 m | 20.8 m | 15.9 m | 12.1 m | 9.4 m | 7.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | 785.0 m | 779.9 m | 720.8 m | 790.7 m | 802.8 m | 794.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | 52.2 m | 64.4 m | 68.3 m | 83.2 m | 81.1 m | 77.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Current liabilities | 162.3 m | 191.1 m | 189.0 m | 216.9 m | 192.5 m | 170.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 470.3 m † | 445.2 m † | 418.3 m † | 456.6 m † | 499.9 m † | 510.2 m † | SEC (XBRL)· 13 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 217.2 m | 37.1 m | -8.2 m | 43.5 m | 30.8 m | 145.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 4.3 m | 5.7 m | 5.2 m | 5.4 m | 6.3 m | 5.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 212.9 m ≈ | 31.4 m ≈ | -13.4 m ≈ | 38.1 m ≈ | 24.5 m ≈ | 139.2 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | -36.8 m | -23.0 m | 2.6 m | -3.3 m | 6.0 m | -11.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -68.4 m | -82.7 m | -38.9 m | -12.2 m | -31.0 m | -63.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividends paid | 60.7 m | 62.2 m | 63.4 m | 0 | 0 | — | SEC (XBRL)· 14 Feb 2025verified |
| Share repurchases | 0 | 21.5 m | 0 | 11.3 m | 5.0 m | 61.6 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.8 bn USD
Key indicators
Coverage and freshness
Score by group
58% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 11.30 – 41.61 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E38.54 – 41.61 (Mid 41.56)3 companies used · median multiple 28.0x · quartiles 25.9x – 28.0xENSG, NHC, PACS
- Dividend discount (DDM)11.30 – 15.20 (Mid 12.96)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 5.6% | 60 (vs peers) | 11% |
| FCF conversion · Quality | 101.7% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 2.8% | 23 (on a fixed band) | 14% |
| EPS CAGR 3Y · Growth | 20.8% | 100 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.8x | 100 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 17.9x | 55 (on a fixed band) | 18% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.0% | 75 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | 4.3% | 61 (on a fixed band) | 11% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth62/100 · 2/2 factors with a value
- Quality80/100 · 2/3 factors with a value
- Returns· partial61/100 · 1/2 factors with a value
- Valuation64/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
HEALTHCARE SERVICES GROUP, INC. (HCSG). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 1.8 bn USD in 2025; YoY growth 7.1%; net margin 5.6%; ROE 20.4%.
The estimated value range is 24.92–28.40 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 27.26 USD, the price of 26.54 USD leaves a potential of 2.7% (value / price − 1) and a margin of safety of 2.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 101.7%
- EPS CAGR 3Y: 20.8%
- Current ratio: 2.8x
- FCF yield: 6.0%
What contradicts it
- Revenue CAGR 3Y: 2.8%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Health services (SIC 805x) · same industry group (3-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ENSGEnsign Group, Inc | 11.0 bn | 28.0 | 17.1% | 7.0% | +18.7% | +1% / +76% |
| PACSPACS Group, Inc. | 8.0 bn | 28.0 | 26.6% | 4.9% | +29.3% | +50% / unavailable |
| NHCNational Healthcare Corp | 3.3 bn | 23.9 | 13.1% | 9.0% | +16.1% | +56% / +177% |
| BKDBrookdale Senior Living Inc. | 2.7 bn | — | -362.1% | -4.5% | +2.2% | +1% / +111% |
| HCSGHealthcare Services Group, Inc. | 1.8 bn | 17.9 | 20.4% | 5.6% | +7.1% | +47% / +164% |
| SNDASonida Senior Living, Inc. | 1.8 bn | — | -26.7% | -23.3% | +25.2% | +14% / +282% |
1- and 3-year price returns: for HCSG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 16.14 Total return -39% · Per year -39% | 28.56 Total return 8% · Per year 8% | 43.05 Total return 62% · Per year 62% |
| 3 years | 15.14 Total return -43% · Per year -17% | 30.19 Total return 14% · Per year 4% | 50.04 Total return 89% · Per year 24% |
| 5 years | 14.20 Total return -46% · Per year -12% | 31.92 Total return 20% · Per year 4% | 58.17 Total return 119% · Per year 17% |
- Exit P/E± 7.55
- Net margin± 5.28
- Annual revenue growth± 4.41
- Annual dilution± 0.44
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Healthcare Services Group provides housekeeping, laundry, facility maintenance and dietary services to healthcare and long-term care facilities across the United States, and says it is the largest provider of such services to the long-term care industry. Its focus on institutional operational services has been tested by the bankruptcy of a major customer, yet the company reports accelerating growth, with revenue of 1,837.2 million USD in 2025 and 479.6 million USD in the third quarter of 2026.
SWOT
Strengths
- The company presents itself as the largest provider of housekeeping, laundry and dietary services to the long-term care industry in the United States, with a broad customer base and a strong market position 1.
- Liquidity is solid, with substantial cash and marketable securities and an unused credit line, giving flexibility for acquisitions and share repurchases 3.
- Organic revenue growth and the raised outlook for 2027 point to stronger operational execution in recent quarters 23.
Weaknesses
- Dependence on long-term care customers that rely on government funding makes the company vulnerable to regulatory changes and customer payment difficulties 1.
- Margins are sensitive to labor and food costs, and the ability to pass these costs to customers is not always immediate 1.
- Exposure to a major customer produced significant bad debt charges in 2025, which weighed on that year's profitability 1.
Opportunities
- The NEXDINE acquisition opens access to senior living and hospitality, segments that could accelerate growth if integration proceeds as planned 3.
- Favorable demographic trends and rising demand for care services could support expansion into new customer facilities 3.
- Genesis bankruptcy recoveries above current estimates could improve future results if they materialize 23.
Threats
- Tariffs and inflation could raise supply and food costs, and the company may be unable to fully pass them to customers 1.
- Bankruptcies or financial difficulties among major customers could lead to credit losses and lower revenue 1.
- Changes to Medicare and Medicaid reimbursement could reduce customer revenues and their ability to pay for services 1.
Risks
- Customer concentrationhigh
A small number of customers contribute significantly to revenue, and the bankruptcy of a major customer has already affected the company's financial results 1.
- Customer credit riskhigh
The company extends credit to substantially all customers, and deterioration in their financial condition can increase bad debt losses, as occurred in 2025 1.
- Labor cost pressuremedium
Hourly wages are affected by minimum wage laws and collective bargaining, and passing these increases through to customers may be delayed 1.
- Tariffs and supply costsmedium
Tariffs can raise the cost of supplies and food, and the sources note reliance on a limited number of vendors for a substantial portion of supplies 1.
- Acquisition integrationlow
The NEXDINE acquisition brings new activities and integration risks, and the announced benefits depend on subsequent execution 3.
Investment thesis
What would need to be true (bull case)
- The company holds a self-described leading position in its niche and a broad base of institutional customers, giving it an advantage of scale 1.
- Organic revenue growth and the raised 2027 growth outlook suggest management sees an acceleration in the core business 23.
- The NEXDINE acquisition could open new growth sources in senior living and hospitality if integration succeeds 3.
What would break the thesis
- Reliance on government-funded customers and their risk of bankruptcy could lead to further bad debt losses, as recently occurred 1.
- Operating margins are under pressure from labor and supply costs, and passing these costs to customers may be delayed 1.
- The new segments carry execution risk and may require additional investment and management attention, which could limit the benefits of the acquisition 3.
What to watch
- Delivery of the fourth-quarter revenue guidanceQ4 2026
- NEXDINE contribution to revenue and margins after integration2027
- Final recoveries from the Genesis bankruptcy proceedingsnext 10-K
- Effect of labor costs and tariffs on margins2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company manages the housekeeping, laundry, linen, facility maintenance and dietary departments of its customers, mainly nursing homes, rehabilitation centers, retirement complexes and hospitals. Services are delivered mainly under full-service agreements, in which the company handles day-to-day management of employees and certain supplies, and contracts are typically renewable and cancellable on 30 to 90 days' notice. The annual report says it served about 2,800 facilities at December 31, 2025, and the third-quarter filing says more than 2,700 at September 30, 2026 12.
Revenue depends on winning new customers, expanding services to existing ones and passing cost increases into service billings. Labor is the main cost driver, and supplies weigh more heavily on Dietary. The company also recognized ERC payroll tax credit income in 2025 and bad debt expense tied to the Genesis bankruptcy 1.
In October 2026 the company acquired NEXDINE Hospitality, a senior living and hospitality services business, for an upfront price of 93.5 million USD paid from cash, extending its platform from healthcare toward hospitality and senior living 23. The company now describes itself as a health and hospitality services platform, with its customer base expanding beyond long-term care.
Segments
Environmental Services (EVS)
The EVS segment manages housekeeping, disinfection, laundry and linen services in customer facilities, generating 824.7 million USD in 2025, or 44.9% of revenue 1. Labor makes up most segment costs, and EVS revenue rose 2.6% in the third quarter of 2026, supported by client wins and retention 2.
Market context
The core market is operational services for healthcare providers in the United States, particularly long-term care operators whose revenues depend heavily on Medicare and Medicaid funding. The company says it is the largest provider of housekeeping, laundry and dietary management to this sector, and its customers are concentrated in a regulated industry 12.
Expansion into senior living and hospitality opens a broader but more competitive market in which the company hopes to apply its healthcare operating expertise 3. If demographic growth in the older population translates into demand for these services, it could support longer-term expansion.
Trends
- Inflation and tariff pressureheadwind
Tariffs and inflationary pressures could raise the cost of supplies and food products, and the company may not always pass such increases to customers quickly 1.
- Rising demand for long-term caretailwind
The company says the industry is at the start of a multi-decade demographic tailwind that could support demand for its services 3.
- Financial health of customersmixed
Customers depend on Medicare and Medicaid funding, and regulatory changes can affect their cash flows and payment ability, raising credit risk for the company 1.
- Expansion into hospitality and senior livingmixed
The NEXDINE acquisition and the unified platform strategy could open new markets, but integration and diversification also carry execution risk 23.
Competitive position
The main competition comes from customers' in-house support staff, who may handle these functions themselves, as well as several regional and national firms offering similar services 1. The company differentiates itself through cost-effectiveness and by relieving customers of day-to-day administrative burdens 1.
In the newer senior living and hospitality segments, competition may include specialized dining and hospitality operators, but the available sources do not explicitly identify publicly listed US competitors 3.
- Customers' in-house support staff
Facilities can run housekeeping and dietary functions with their own personnel, which is the most direct alternative to outsourcing 1.
- Regional and national housekeeping and dietary service firms
The filing refers to several firms competing in regional and national markets without naming them 1.
- Specialized senior living dining providers
As the company enters senior living and hospitality, specialized dining and hospitality providers may compete, though the sources do not name them 3.
- Senior living and hospitality operators
Operators of senior housing and hotels may be competitors or partners in the new segment, but the sources do not identify them 3.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report23 Oct 2026
- Current report21 Oct 2026Results of operations · Financial statements and exhibits
- Current report07 Oct 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report24 Jul 2026
- Current report22 Jul 2026Results of operations · Financial statements and exhibits
- Current report27 May 2026Shareholder vote · Financial statements and exhibits
- Quarterly report24 Apr 2026
- Current report22 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement15 Apr 2026
- Current report13 Apr 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Healthcare Services Group, Inc. · 13 Feb 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / Healthcare Services Group, Inc. · 23 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Healthcare Services Group, Inc. · 21 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.