Overview

Up to Date Laundry provides laundry services (e.g., linen rental & cleaning and curtain cleaning) to 550 non-acute healthcare facilities across the mid-Atlantic. Customers include Medstar Health, Johns Hopkins Hospital, and University of Maryland Medical Center; these three accounts represent over 50% of total revenue and are highly stable relationships of 20 – 30 years.

Impact Thesis

UTD is a long-standing business in Baltimore City paying above-market wages and benefits to its employees. The company also supported critical medical cleaning services during the COVID-19 pandemic, driving positive outcomes and safer care delivery for patients. The company has a very diverse base of ~235 FTEs, as well as 150+ part-time employees (primarily Baltimore City residents) and is a significant driver of sustainable jobs within distressed communities such as Poppleton (UTD headquarters), which has a 20% unemployment rate.