HCSG reports ~$0.62/share Q2 charge from client Genesis bankruptcy; reaffirms 2025 guidance

HEALTHCARE SERVICES GROUP INC

Genesis HealthCare filed Chapter 11 on July 9; HCSG provides services to 164 Genesis facilities.
Estimated receivables from Genesis: $50M accounts receivable, $14.4M notes receivable, net of reserves.
HCSG estimates Q2 non-cash charge of ~$0.62 per share; Q3 charge of $0.03–$0.04 per share.
CEO says Genesis action is specific to its legacy debt; industry fundamentals remain strong.
Reiterates 2025 revenue growth mid-single digit; cash from ops $60–$75M (excl payroll accrual change).

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