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ABM Buys HHA Services

ABM Industries Inc. (ABM) said Thursday that it has acquired HHA Services, a provider of food and facility management services to hospitals, healthcare systems, long-term care facilities and retirement communities.

Terms of the deal were not disclosed.

HHA, which generates annual revenues of about $50 million, has grown to become a leader in healthcare facility management services through its three distinct lines of service.

HHA's management team, led by President Dan Bowen, will remain intact as the company integrates into ABM's Healthcare services.

HHA, when combined with ABM's existing healthcare services, which include Healthcare Parking Systems of America, environmental services, clinical engineering, energy solutions, facility services and security, will create the most comprehensive set of solutions available from a single provider in the healthcare services market. The move will not only increase ABM's service offerings but also expand its geographic footprint.

ABM expects the deal to be slightly accretive in fiscal 2013.

by RTTNews Staff Writer

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