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October 15, 2007 Crothall Completes Merger with Professional ServicesMove solidifies Crothall’s position as second largest outsourced provider of housekeeping services to the health care market. Wayne, PA (October 15, 2007) –Crothall Services Group, Inc., of Wayne, PA, today announced the completion of its merger with Professional Services, of Plymouth Meeting, PA, a regional provider of health care support services. Through the merger, Professional Services becomes a wholly owned subsidiary of Crothall Services Group. The transaction was finalized on Monday, October 1, 2007. “Our success in merging with Professional Services is a key milestone in our company’s history. As a combined entity, we will be even better prepared to strengthen the value we bring to our clients by learning from and sharing our respective organizations’ best practices," said Bobby Kutteh, Crothall President & CEO. The merger increases Crothall’s client base, adding client hospitals and nursing homes in 13 states throughout the East Coast and Midwest US in a variety of services, including: Housekeeping, Plant Operations & Maintenance, Clinical Engineering, and Dining. This strategic purchase will strengthen Crothall’s leadership position as an outsourced provider of support services to the health care market. The two companies’ commitment to quality, customer satisfaction, and financial performance will provide key synergies as each company focuses on growth while continuing to provide service excellence to current clients. The operational structure of Professional Services will remain intact, operating under the Professional Services name, as it continues to serve its clients with its present leadership and management. “I am very excited about this merger. Building this company with the great men and women of Professional Services has been my life’s work; it has been a great journey. Our north star, which has kept us on track and focused all these years, which will continue to be my personal commitment, is staying close to our customers and the professional development of our management team,” said Ira Levy, Professional Services President & CEO. For additional information on Crothall Services Group, Professional Services, or details of the merger, please contact Bart Kaericher, Senior Vice President, Sales & Marketing, at 610-249-0420 x108.The Professional Services web site can be viewed at: www.profserve.com
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