Exhibit 99.1

HEALTHCARE SERVICES GROUP, INC. REPORTS RESULTS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018 AND
ANNOUNCES INCREASED THIRD QUARTER 2018 CASH DIVIDEND


Bensalem, PA — October 16, 2018Healthcare Services Group, Inc. (NASDAQ:HCSG) (the “Company”) reported that revenues for the three months ended September 30, 2018 increased to $507 million compared to $491 million for the same period in 2017. During the quarter the Company adjusted its contractual relationships with two regional customers as well as a number of independent facilities. The Company expects the contract changes to impact housekeeping & laundry revenues by approximately $10 million per quarter (with half of the decrease reflected in the Q3 results), and favorably impact margins.

For the three months ended September 30, 2018, net income was $26.1 million, or $0.35 per basic and diluted common share, segment margins in housekeeping & laundry and dining & nutrition services are estimated at 11.3% and 6.2%, respectively and cash flow from operations was $47 million, inclusive of the $25 million change in accrued payroll. Selling, general and administrative (“SG&A”) was reported at 7.2% of revenues, but after adjusting for the $1.6 million change in deferred compensation, actual SG&A was 6.9% of revenues. During the quarter, SG&A was also impacted by a $3 million, state-specific sales tax settlement. The settlement related to certain of the Company’s historical client service billings, resolved the outstanding sales tax considerations and accordingly, will have no impact on future earnings per share. Going forward, the Company expects SG&A to approximate 6.75% of revenues, with the on-going opportunity to garner additional efficiencies.

In addition, our Board of Directors declared a quarterly cash dividend of $0.19500 per common share, payable on December 28, 2018 to shareholders of record at the close of business on November 23, 2018. This represents the 62nd consecutive quarterly cash dividend payment, as well as the 61st consecutive increase since our initiation of quarterly cash dividend payments in 2003.

The Company will host a conference call on Wednesday, October 17, 2018 at 8:30 a.m. Eastern Time to discuss its results for the three and nine months ended September 30, 2018. The call may be accessed via phone at 800-893-5360. The call will be simultaneously webcast under the “Events & Presentations” section of the investor relations page on our website, www.hcsg.com. A replay of the earnings call may be accessed through the phone number above through 10:00 p.m. Eastern Time on Wednesday, October 17, 2018. The webcast will also be available on our website for one year following the date of the earnings call.

The Company also announced that it will be attending and presenting at the 2018 Stephens New York Investment Conference on November 7, 2018 at the Lotte New York Palace Hotel in New York and the Credit Suisse 27th Annual Healthcare Conference on November 14, 2018 at The Phoenician in Scottsdale, Arizona.

1

The following information was filed by Healthcare Services Group Inc (HCSG) on Tuesday, October 16, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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