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Aramark sells health-care tech business

Aramark said it wants to focus its core businesses of food service, facilities management, and uniform rentals.

Aramark is selling its Healthcare Technologies business.
Aramark is selling its Healthcare Technologies business.Read moreAramark

Aramark Corp. will sell a business that provides management services for clinical equipment at more than 500 hospitals and other clinical facilities for $300 million, the Philadelphia company announced Monday.

Selling Aramark Healthcare Technologies is part of an effort to trim Aramark's collection of businesses to focus on core food, uniforms, and facilities-management operations, the company said. The unit, based in Charlotte, N.C., and owned by Aramark since 2001, employs 1,500 technicians, engineers, and others.

The buyer is a company called Trimedx, in Indianapolis, Ind.

Aramark said it will use most of the proceeds from the sale to reduce debt and buy back $50 million of its own shares. The company had $7.8 billion in long term debt at the end of June.