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Content about Company Competitor

September 21, 2006

BENSALEM, Pa. — Healthcare Services Group agreed this week to buy competitor Summit Services Group, Newton Lower Falls, Mass., for $17.2 million.

Both companies provide professional housekeeping, laundry and food services to long-term care and related facilities.

The deal also calls for Healthcare Services Group to assume $1 million in Summit liabilities.

September 7, 2006

CHESTERFIELD, Mo. — Angelica Corp. will avoid litigation and election contests under new settlement agreements reached with Pirate Capital and Steel Partners, Angelica says.

The hedge funds, two of Angelica's largest shareholders, mounted efforts earlier this year to get their nominees elected to Angelica's board.