Healthcare Services Group, Inc. (NASDAQ: HCSG) has announced the appointment of Vikas Singh as EVP & Chief Financial Officer, effective September 3, 2024. Singh brings over two decades of diverse experience in finance, strategy, and operations to the company, with his most recent role being Managing Director of Leveraged Finance & Capital Markets at Bank of America Securities.
In addition to Singh's appointment, the company also announced the promotion of Andrew Brophy, CPA, to the position of SVP, Controller & Chief Accounting Officer. Brophy joined the company in 2018 and has held roles of increasing responsibility in the accounting and finance department.
Healthcare Services Group aims to provide improved operational, regulatory, and financial outcomes for its clients within the healthcare industry, and the appointment of Singh and the promotion of Brophy are seen as key moves to bolster the company's leadership team.
These appointments come as the company continues to grow and expand its business, with a focus on capitalizing on multi-decade secular tailwinds to drive profitable growth and deliver long-term value to shareholders. Following these announcements, the company's shares moved 0.2%, and are now trading at a price of $10.51. Check out the company's full 8-K submission here.
