Nexdine will function as a wholly-owned subsidiary under the HCSG umbrella while maintaining its established brand identity. The company intends to keep its current headquarters in Massachusetts, ensuring continuity for its existing operations. Founder and Chief Executive David Lanci remains at the helm of the organization, leading the leadership team through the transition into the broader corporate structure. This move signals a strategic push by HCSG to scale its service management portfolio within the hospitality market.
Healthcare Services Group Acquires Nexdine Hospitality
Healthcare Services Group has finalized the acquisition of Nexdine Hospitality for an initial $93.5 million. The deal secures the company a foothold in the competitive senior living and hospitality sectors, with further payouts tied to specific performance benchmarks met by the Massachusetts-based firm over the coming years.
Comments (0)
No comments yet. Be the first!