HCSG estimates $0.20 Q2 charge from LaVie Chapter 11; reiterates 2024 cash flow

HEALTHCARE SERVICES GROUP INC

Q2 non-cash charge of ~$0.20 per share due to LaVie Care Centers Chapter 11 filing.
Company expects to continue servicing LaVie with no impact on future revenue or earnings.
Reiterates Q2 2024 adjusted cash flow of $5–15M; full-year $40–55M.
CEO cites improving industry fundamentals: occupancy at 79%, CMS proposed 4.1% Medicare rate increase for FY2025.
LaVie restructuring strengthens customer base's financial health long-term, per management.

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