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HEALTHCARE SERVICES GROUP ISSUES ANNOUNCEMENT

 HEALTHCARE SERVICES GROUP ISSUES ANNOUNCEMENT
 HUNTINGDON VALLEY, Pa., March 9 /PRNewswire/ -- Healthcare Services


Group, Inc. (NASDAQ-NMS: HCSG) announced today that during the audit of its 1991 financial statements it discovered inaccuracies in the accounting treatment of general liability, automobile and workers', compensation insurance.
 From 1986 through the third quarter of 1991 the company has accounted for these insurance costs primarily on a cash basis with claims being expensed as paid. The adjustments required to reflect insurance cost on an accrual basis will result in a material adverse adjustment to the previously reported results of operations for the first three quarters of the fiscal year ended Dec. 31, 1991. The results for those periods will be restated when the company reports the year-end results for 1991. These adjustments will adversely affect the years 1986 through 1990 and, accordingly, the company said it anticipates restating the previously reported audited results of operations for those years as well. The company is currently analyzing the magnitude of this adjustment and other audit issues which will adversely affect its financial statements. Despite these adjustments the company said it expects to report a significant profit for the year ended 1991.
 The current audit of the company's 1991 financial statements is expected to be completed in about two weeks. Upon completion of the audit, or sooner if available, more specific and detailed financial information will be released.
 The company, based in Huntingdon Valley, is engaged in the business of providing housekeeping and laundry services to long-term care facilities.
 /delval/
 -0- 3/9/92
 /CONTACT: Richard W. Hudson, vp-finance of Healthcare Services Group, 215-938-1661/
 (HCSG) CO: Healthcare Services Group, Inc. ST: Pennsylvania IN: SU:


MP-SF -- PH005 -- 6207 03/09/92 08:29 EST
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Date:Mar 9, 1992
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