Compass Group PLC
11 April 2002
11 April 2002
Compass Group announces significant contract gain for Morrison in North America
Compass Group PLC is delighted to confirm that its specialist North American
healthcare subsidiary, Morrison Management Services, has signed an initial five-
year agreement with The Fountains Retirement Communities, Inc., to provide
dining services management for 17 of the company's 18 communities across the
USA. The agreement, representing more than $100 million in managed volume over
five years, marks the largest retirement community alliance in the for-profit
senior living market. The Fountains is among America's largest retirement
community owner/operator with communities in 12 states.
David Freshwater, chief executive officer for The Fountains, said:
'Morrison's focus on quality, efficiency and resident satisfaction makes it an
ideal partner for The Fountains. By partnering with Morrison for our dining
services, The Fountains will be able to meet our long-term goals for resident
satisfaction, growth and cost savings. Our organization is gaining a trusted
partner with vast resources and a personalized focus on resident and associate
satisfaction.'
Gary Green, Chief Executive of Compass Group's North American Division,
commented:
'This is an excellent win for Morrison. The Fountains is a best-in-class
retirement community management company that has built a reputation as
progressive, innovative and forward-thinking. The Fountains' partnership
represents approximately 10 percent of Morrison's Senior Dining managed volume -
a significant and prestigious addition to our portfolio of business in the
North American healthcare and senior dining market.'
Ends
Enquiries:
Cathi Lawrence / Paul Kelly, Compass Group PLC 01932 573000
Tim Grey / Simon Sporborg, Brunswick 020 7396 7408
Notes to Editors
1. Compass Group is the world's largest foodservice company with annual
foodservice revenues in excess of £9bn. Compass Group has over 360,000
employees working in more than 90 countries around the world providing
foodservice and hospitality. For more information visit www.compass-group.com
Compass Group's North American Division has annual revenues of more than $4
billion and employs more than 110,000 associates throughout the US and Canada.
Compass Group was the Official Catering Services Supplier for the 2002 Olympic
and Paralympic Winter Games in Salt Lake City. For more information on the
Group visit www.compass-group.com
2. Morrison Management Specialists was acquired by Compass Group in April
2001. It is North America's only company focused exclusively on providing
food, nutrition and dining services to the healthcare and senior living
markets. Morrison is dedicated to providing its clients with outstanding
quality, professional on-site management and cost-effective innovations. The
Atlanta-based company operates through Morrison Healthcare Food Services and
Morrison Senior Dining, and serves several of the largest and most prominent
integrated healthcare systems, hospitals and senior living communities in the
United States. For more information, visit Morrison's website at
www.IamMorrison.com
This information is provided by RNS
The company news service from the London Stock Exchange
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