Asset Manager

Updated:

Healthcare Linen Services Group

Healthcare Linen Services Group is a asset manager based in St.

Healthcare Linen Services Group

Largest Midwest provider of healthcare linen providing safe, reliable, low cost, and quality linen to hospitals and healthcare facilities/clinics.

General information

Firm type

Asset Manager

Location

Region

North America

Country

United States

City

St. Charles

Corporate office

St. Charles, IL, United States

Sector focus

Healthcare ServicesLinen Management

Frequently asked questions

Who owns Healthcare Linen Services Group?

HLSG is a portfolio company of The Sterling Group, a private equity firm based in Houston, Texas (per the firm's website). The Sterling Group backs HLSG's acquisition-led growth strategy.

How does HLSG source acquisition targets?

HLSG actively seeks strategic partnerships, plant or contract acquisitions, and equipment asset purchases. The firm targets regional healthcare linen providers and has a track record of integrating operators with histories reaching back decades.

What geographic regions does HLSG serve?

HLSG's operating companies cover Illinois, Indiana, Wisconsin, Minnesota, Kentucky, Tennessee, New York, Ohio, West Virginia, Michigan, Pennsylvania, Arkansas, Oklahoma, Missouri, Kansas, and Iowa, plus recent expansion into Texas and Iowa.

Is HLSG structured as a family office or a private equity-backed platform?

HLSG is a private equity-backed operating company, held by The Sterling Group. It functions as a roll-up platform, not a family office. The firm does not disclose a management structure typical of family offices.

What certifications does HLSG hold?

All HLSG facilities are accredited by the Healthcare Laundry Accreditation Council, which mandates high standards for hygienically clean linens and apparel used in healthcare settings.

What performance metrics does HLSG track?

HLSG uses pounds per adjusted patient day (PPAPD) as a key metric to evaluate linen utilization and cost efficiency. The firm also tracks soil-to-clean ratios and patient satisfaction related to linen quality.

Has HLSG made recent acquisitions?

Yes. In 2024, HLSG acquired Texas Textile Services, expanding into the Texas market. Earlier, it entered the Iowa market, signaling ongoing geographic growth through M&A (per the firm, 2024).

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