Investor Alert: Kaplan Fox Investigates Healthcare Services Group, Inc. (HCSG)

NEW YORK, March 6, 2019

On March 4, 2019, Healthcare Services Group, Inc. filed a report with the U.S. Securities and Exchange Commission stating that it "received a letter in November 2017 from the [SEC] regarding an inquiry that the SEC is conducting into earnings per share ("EPS") calculation practices and requesting that the Company voluntarily provide certain information and documents relating to its EPS rounding and reporting practices. The Company also received a subpoena in March 2018 from the SEC in connection with these matters."

"Since the inception of the inquiry, the Company has been providing information and documents to the SEC. Additionally, during the fourth quarter of 2018, the Company authorized its outside counsel to conduct an internal investigation, under the direction of the Company's Audit Committee, into matters related to the SEC subpoena. The Company continues to cooperate with the SEC's investigation."

"Due to the circumstances described above, the Company was unable to file its Annual Report on Form 10-K for the year ended December 31, 2018 within the prescribed time. The Company expects to file its Form 10-K within the 12b-25 fifteen day extension period and does not expect the Form 10-K to reflect any changes to its results of operations as previously reported in its most recent earnings release for the three months ended December 31, 2018 and the year ended December 31, 2018 issued on February 5, 2019."

On March 4, 2019, Healthcare Services Group, Inc. declined $4.96 per share or approximately 14% on heavy volume.

If you are an investor in Healthcare Services Group, Inc. (HCSG) and would like to discuss our investigation, please contact us by emailing jcampisi@kaplanfox.com or by calling 800-290-1952. 

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