Healthcare Linen Services Group (HLSG), a provider of healthcare laundry services in the Midwest and Central United States, has secured a strategic growth investment from York Capital Management’s private equity group (York Private Equity).
Terms of the transaction have not been disclosed.
Founded in 1915, HLSG is an outsourced provider of linen management solutions which partners with healthcare administrators, clinicians and staff across the Midwest and Central US to deliver a wide variety of comfortable, bacteria free linens to thousands of hospitals, physician offices, surgery centres, and nursing homes.
HLSG is the fifth platform investment completed in the last twelve months and the seventh since inception by York Capital’s middle-market private equity fund, York Special Opportunities Fund III, LP, an USD800 million dedicated fund raised in April 2020.
