Healthcare Services Group (HCSG) updates Q1 results, saying that retroactive reinstatement of a...


Healthcare Services Group (HCSG) updates Q1 results, saying that retroactive reinstatement of a tax credit program will boost its earnings for the current quarter. The company, which provides housekeeping, laundry and dietary services to long-term-care and related health-care facilities, notes that legislation that went into effect earlier this year reinstated the Work Opportunity Tax Credit program, which should boost its earnings by $0.02 - $0.3 a share. It also announces the appointment of Jason Bundick as Chief Compliance Officer. He will succeed Richard W. Hudson, who is retiring.

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