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York Capital-Backed Healthcare Linen Services Group Acquires Reino Linen Service

Oct 04, 2022almost 3 years ago

Acquiring Company

Healthcare Linen Services Group

Acquired Company

Reino Linen Service

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Description

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 Reino Linen Service (“Reino”), a premier provider of healthcare linen solutions. The acquisition expands HLSG’s operations into the attractive Ohio and Michigan markets, expanding its customer base and adding automated facilities that provide additional capacity to its existing footprint throughout the Midwest. Terms of the transaction were not disclosed.

Company Information

Company

Healthcare Linen Services Group

About

//healthcarelinensg.com/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed