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November 12, 2021

HHS Acquires FMA

HHS CEO Bobby Floyd announced HHS’ acquisition of Foussard Montague Associates, Inc. (FMA), a laundry and linen management company, on November 10 to the HHS team. FMA founding owners, Phil Foussard and Tim Montague, will remain in their current roles as key leaders of the FMA organization, which will operate as an autonomous division under the HHS umbrella. The two companies expect the transaction to close on December 1.

HHS and FMA are private, family-owned companies that have been in business for several decades. HHS was established in Austin, Texas in 1975 and currently services more than 400 hospitals. FMA, founded in 1989 in St. Paul, Minnesota, currently operates seven laundry plants servicing more than 170 hospitals nationwide. Both companies have a large presence in the healthcare industry and have worked together in the past serving mutual customers. The acquisition of FMA will add laundry plant management to HHS’ current suite of healthcare offerings that include environmental services, food and nutrition services, facilities management, patient transport, valet, and linen utilization management.

Commenting on the acquisition, HHS CEO Bobby Floyd states, “We believe our two respective organizations share a similar culture and mission in our dedication to our people and the quality of the services we provide. We have developed a deep respect and admiration for the FMA team and its reputation in the industry, and we are excited to welcome them into our company. This acquisition launches HHS into a new market, with expanded capabilities and resources available to serve our healthcare customers, and brings new opportunities for our people to grow.”

Phil Foussard expands on the acquisition, saying that, “Tim Montague and I have known the principals of HHS for over 25 years and have always had great respect for their employee focus and the way they approach their business. As we looked at the possible alternatives for the future of our firm, we found HHS to be the best possible partner for our team and customers. The depth of HHS in the areas of training, staff development, and technology will allow our firm to enhance our current services and grow in the future. We are very excited about the opportunities that this transaction will provide our staff and customers.”


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