BrightSpring Health Services to Sell ResCare Community Living to Sevita for $835 Million
January 22, 2025 - 03:09
In a significant move within the healthcare sector, BrightSpring Health Services has announced the divestiture of its ResCare Community Living business to Sevita for a substantial $835 million. This strategic decision reflects BrightSpring's commitment to streamline its operations and focus on its core service areas, enhancing its overall business model.
ResCare Community Living has been a vital part of BrightSpring's portfolio, providing essential services to individuals with intellectual and developmental disabilities. The sale to Sevita, a leading provider of specialized health services, is expected to create new opportunities for growth and innovation in the delivery of community living and support services.
The transaction is anticipated to close in the coming months, pending regulatory approvals. Both companies express confidence that the transition will be smooth and beneficial for the clients and communities they serve. Stakeholders are optimistic about the potential positive impact on service quality and accessibility in the community living sector following this acquisition.
MORE NEWS
October 9, 2026 - 19:28
Earth, Wind and Fire Drummer John Paris Marks Health Milestone After EmergencyJohn Paris, the longtime drummer for Earth, Wind and Fire, has reached a significant health milestone two months after a medical emergency that shook his family and fans. The 59 year old musician...
October 9, 2026 - 12:35
Safety Features in ChatGPT for Teens Fall Short, Watchdog Report FindsA new evaluation of ChatGPT for Teens suggests that many of the protections meant to keep younger users safe are not working as intended. The review, carried out by the watchdog group Common Sense...
October 8, 2026 - 18:55
New Jersey Grows Doula Training Network to 29 Approved ProgramsNew Jersey has expanded the number of doula training programs approved under NJ FamilyCare, bringing the total to 29 across the state. The move aims to widen access to doula support for residents...
October 8, 2026 - 04:20
Blue Cross Downcoding Practices Hit Behavioral Health Providers Across Several StatesBehavioral health providers in at least three states are dealing with downcoding actions from Blue Cross Blue Shield plans, according to reporting from BHB+. The issue involves claims being paid at...