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Albert J. William Rice

Managing Director and Senior Health Care Equity Research Analyst at UBS Investment Bank

Albert J. William Rice is a Managing Director and Senior Health Care Equity Research Analyst at UBS Investment Bank, specializing in in-depth coverage of major health care corporations such as Elevance Health, Cigna, and AMN Healthcare. He is recognized for delivering extensively researched investment recommendations and consistently strong results, including high accuracy rates and industry recognition on platforms like TipRanks. Rice began his career in equity research in the 1990s and has held senior analyst roles at several leading financial institutions before joining UBS, where he has established a reputation for thought leadership in the health care sector. He maintains active FINRA registration and holds the necessary securities licenses for equity research and investment banking.

Albert J. William Rice's questions to HEALTHCARE SERVICES GROUP (HCSG) leadership

Albert J. William Rice's questions to HEALTHCARE SERVICES GROUP (HCSG) leadership • Q3 2025

Question

Albert J. William Rice inquired about Healthcare Services Group's new client win pipeline, its progression into 2026, and the balance between cross-selling existing housekeeping clients into dining versus acquiring entirely new customers.

Answer

CEO Ted Wahl highlighted Q3 as the sixth consecutive sequential revenue increase, driven by new business wins and strong client retention. He projected Q4 revenue between $460M-$470M and a mid-single-digit top-line growth target for 2025, with 2026 details coming in the Q4 call. Wahl noted the new business pipeline is evenly split between EVS and dietary, with dietary contributing twice the revenue, and cross-selling within the EVS customer base remains a key growth opportunity. CCO Matthew McKee and CFO Vikas Singh further discussed the 'campuses' segment (formerly education), confirming it's a primary target for M&A and showing growth synergies.

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