Healthcare Services Group buys Nexdine for $93.5M to enter senior living

What's the deal? Bensalem-based Healthcare Services GroupDealroom has a profile for this one. Try Dealroom → has acquired food and support services provider NexdineDealroom has a profile for this one. Try Dealroom → for $93.5 million in an all-cash transaction. The deal gives Healthcare Services Group a foothold in the senior living market.

What's the endgame? The acquisition is expected to add more than $150 million in annual revenue for the company.

The signal: By paying all cash to pull in revenue worth more than the purchase price, Healthcare Services Group is betting on senior living as a growth channel — a sector under pressure to expand services as the population ages.

Read more: bizjournals.com

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