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Aramark assures clients; But deal could be chance for rivals to seize share.

Publication: Modern Healthcare
Publication Date: 14-AUG-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Aramark assures clients; But deal could be chance for rivals to seize share.(The Week in Healthcare)

Article Excerpt
Byline: Joseph Mantone

Hospital services provider Aramark Corp. last week attempted to assure its customers they won't be affected by the company's intentions to go private, but the news likely has its competitors licking their chops.

The Philadelphia-based company, which provides food, linen, uniforms and other services to 1,000 healthcare facilities, agreed to a management-led buyout at a price of $8.3 billion, including assumption of $2 billion in debt. The deal needs stockholder approval and is expected to close by early 2007.

Assuming the sale goes through, a...

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