The new joint venture with the former NBA all-star and one of the nation's largest food preparation companies will be a 10-year partnership. Financial details were not available as the deal is still being finalized.
Sodexho provides meal and catering services, housekeeping, groundskeeping for schools, colleges, retirement homes, hospitals and corporate cafeterias according to this WashingtonPost article.
The article also states that the company serves more than 10 million people a day at nearly 500 public and private schools, more than 1,000 universities and colleges, 485 nursing and retirement homes and 1,700 hospitals. In 2005, the company collected $6.3 billion in revenue. It employs more than 120,000 people and also operates in Canada and Mexico.
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