ABM Supports Healthcare Market

Zacks Equity Research

Fri, Nov 15, 2013, 9:40 AM

To meet the evolving needs of the healthcare market, ABM Industries Incorporated (ABM) recently announced the launch of its ABM Healthcare Support Services business that integrates the strengths of HHA Services, Healthcare Parking Systems of America and ABM Health.

The strategic move by the company is to identify the service needs of key vertical markets and then find the best solution for them. ABM Healthcare Support Services is the only company that can deliver this scale of services for the entire healthcare ecosystem. The services provided by ABM include clinical engineering and healthcare technologies, environmental services, food service, facility management, energy solutions, hospitality & valet, parking and patient observation, and patient transportation and security.

Through its clinical engineering expertise, ABM can guarantee performance-based results and provide improved Hospital Consumer Assessment of Healthcare Providers and Systems (:HCAHPS) and patient satisfaction scores.

In addition to other challenges, healthcare organizations are currently undergoing transformational changes due to new reimbursement policies, regulatory requirements and policy changes. This investment aims to be a solution for those problems. These services will deliver high quality care and also help in lowering of costs. The solution requires both on-site and route-based specialists that can provide services to the entire healthcare system irrespective of building size or location.

Headquartered in San Francisco, Calif., ABM Industries provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada.

ABM Industries currently has a Zacks Rank #2 (Buy). Other stocks that also look promising and are worth considering now in the industry include CoreLogic, Inc (CLGX) and Stantec Inc (STN), both carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc (ROL), carrying a Zacks Rank #2 (Buy)

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ABM Supports Healthcare Market

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