York Capital-Backed Healthcare Linen Services Group Acquires Linen King

Healthcare Linen Services Group (“HLSG” or the “Company”), a portfolio company of York Capital Management's private equity group ("York Private Equity") and a leading provider of mission-critical healthcare laundry services in the Midwest and Central United States, today announced it has acquired Linen King, the largest independent provider of healthcare laundry services in the South Central part of the U.S. The acquisition expands HLSG’s operations into attractive markets and adds new major customers for HLSG to service. As part of the transaction, Seaport Capital, a New York-based private equity firm that acquired Linen King in 2019, will receive shares in HLSG. Terms of the transaction were not disclosed.