Dresner Partners Advises Consortium of Chicago Hospitals in Their Sale of Hospital Laundry Services Assets to New Entities Created by Blue Wolf

FOR IMMEDIATE RELEASE

DRESNER PARTNERS ADVISES CONSORTIUM OF CHICAGO HOSPITALS IN THEIR SALE OF HOSPITAL LAUNDRY SERVICES ASSETS TO NEW ENTITIES CREATED BY BLUE WOLF

CHICAGO – December 2, 2008 – Dresner Partners, a Chicago-based middle market investment bank and IMAP member firm, announced today that it served as the exclusive financial advisor to Hospital Laundry Services (HLS) in the sale of its assets to entities formed by Blue Wolf Capital Fund II, L.P. Management will remain in place as part of the transaction. Bell, Boyd & Lloyd LLP acted as legal advisor to HLS. Specific terms of the transaction were not disclosed.

Founded in 1973 to perform laundry and linen services on a cooperative basis for not-for-profit hospitals, HLS is the leading provider of outsourced linen management services to the Chicago-area healthcare industry. The Company has developed a comprehensive service offering that allows healthcare providers to outsource some or all of their linen management needs.

Gary Krugel, Chairman of the HLS Board commented, “The Dresner team recognized the benefits to the owners of divesting a non-core asset while continuing high quality linen service to each hospital. I truly appreciate their availability, responsiveness and guidance in reaching the desired outcome. We are extremely pleased with the results of this transaction. I’d like to thank our healthcare team including Joe Thomas who worked tirelessly to complete the transaction.”

According to Steven M. Dresner, President of Dresner Partners, “This transaction represents a victory for all the constituencies including the hospital groups that divested their ownership interest in HLS and Blue Wolf, who acquired an excellent asset that they will continue to grow.”

About Dresner Partners
Dresner Partners is a FINRA-registered, middle-market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services to business owners and managers throughout the United States, including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. Dresner Partners is a member of IMAP, an International Group of M&A Advisors that offers clients cross-border and global financial advisory. More information is available via the Internet at http://www.dresnerpartners.com/.

About Blue Wolf Capital Management LLC
Blue Wolf Capital Management LLC is a private equity firm based in New York that invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. The HLS investment is the first investment by Blue Wolf Capital Fund II, L.P. For additional information, please visit http://www.blue-wolf.com/.

About Hospital Laundry Services
Headquartered in Wheeling, Illinois, Hospital Laundry Services is a cooperative laundry processing and linen supply organization which serves healthcare institutions throughout the Chicago area.

# # #

Media Contact:
David Gutierrez, Dresner Corporate Services, 312-780-7240, dgutierrez@dresnerco.com

Dresner Partners Contact:
Steve Dresner, Dresner Partners, 312-780-7206, sdresner@dresnerco.com