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Healthcare Services Group to Acquire NEXDINE Hospitality for $93.5 Million, Plus Earnout
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Healthcare Services Group entered into a Membership Interest Purchase Agreement to acquire all equity of NEXDINE Hospitality (NexDine and Xendella) for approximately $93.5 million, subject to customary adjustments, plus contingent consideration tied to post-closing performance. The company funded the cash consideration at closing from cash on hand. The agreement includes customary representations, warranties, covenants and termination provisions. Management expects the…