Healthcare Services in settlement on employment claims, to impact EPS 12c-13c

theflyonthewall.com

In connection with the financial results to be reported in the upcoming release, the company has, while denying any violations, agreed to mediated settlements regarding certain employment related matters. The company estimates that such settlements, and related costs and expenses will unfavorably impact 2013 financial results by approximately 12c-13c per diluted common share. The company also announced it has recently entered into housekeeping & laundry service agreements, to be phased in during Q1, which should return the segment to its historical double-digit growth rate. The company expects the impact of these new service agreements to be fully reflected in Q2 results.

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