ServiceMaster Sells Diversified Health Services

ServiceMaster announced that it has sold Diversified Health Services (DHS), which manages long-term care facilities, to the Forest Hill Group, a company which is owned and operated by a group of senior managers of DHS. The business will operate under the name of In-Site Healthcare. ServiceMaster will retain its ownership interest in five assisted living facilities, which will be operated by In-Site Healthcare. This sale reflects ServiceMaster's strategy to continue its focus on the growth and development of its core service businesses.

ServiceMaster provides outsourcing services to more than 12 million customers in the United States and in 40 countries around the world, with 1999 customer level revenue of $7.3 billion. The core service capabilities of the Company include lawn care and landscaping, termite and pest control, plumbing, heating and air conditioning maintenance and repair, appliance maintenance and repair, cleaning, plant maintenance and supportive management.