Healthcare Services Group said on 7 October 2026 that it had acquired NEXDINE Hospitality, a privately held dining and hospitality management company, for US$93.5m upfront plus possible performance payments.
Why Healthcare Services Group, Inc. is buying NEXDINE Hospitality
HCSG described the deal as a significant milestone that expands its dining services into senior living and hospitality-led care, adding more than US$150m of annual revenue.
Deal terms and financing
HCSG paid US$93.5m in cash at closing from cash on hand, with additional contingent consideration if post-closing performance conditions are met. Under the purchase agreement HCSG acquired all equity in NexDine, LLC and Xendella, LLC from Real Artisan Brands and other sellers.
Regulatory approvals and timing
The acquisition has been completed. NEXDINE becomes a wholly owned subsidiary.
Market context
NEXDINE keeps its brand and its headquarters in Mansfield, Massachusetts, and founder and CEO David Lanci continues to lead the business. HCSG, based in Bensalem, Pennsylvania, provides housekeeping, laundry and dietary services to healthcare facilities.
