Healthcare Services Group acquires NEXDINE Hospitality for $93.5M upfront, adding $150M+ annual revenue

HEALTHCARE SERVICES GROUP INC

Agreed Oct 6, 2026 to acquire all equity of NexDine, LLC and Xendella, LLC (NEXDINE Hospitality) from Real Artisan Brands, LLC for ~$93.5M plus contingent consideration.
Purchase price subject to customary adjustments and funded at closing with cash on hand; extra contingent consideration payable on performance targets.
NEXDINE operates as a wholly-owned HCSG subsidiary, retains its brand and Mansfield, Massachusetts headquarters, and stays led by Founder/CEO David Lanci.
Expected to contribute over $150 million in annual revenue; CEO Ted Wahl cites expanding into senior living and hospitality-driven care markets.

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