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
August 19, 2026 - 05:31
Nesbitt's departure proves politics can't be removed from healthMike Nesbitt has resigned from his post as health minister, a move that came just days after a public disagreement with his own party leader, Jon Burrows. The resignation, confirmed on Tuesday,...
August 18, 2026 - 18:23
Study links dollar store food quality to worse health outcomesShoppers who regularly buy food at dollar stores might be saving money at the register, but new research suggests those savings come at a measurable cost to their well-being. A study published this...
August 18, 2026 - 07:51
'Needs to be moved to hospital now': Imran Khan's health in jail deterioratesFormer Pakistani President Arif Alvi has issued a stark warning about the deteriorating health of jailed former Prime Minister Imran Khan, stating that his medical reports are `alarming` and that...
August 17, 2026 - 20:35
Artificial Intelligence helps Munson health care provider focus more on patients, less on screensFORT LEAVENWORTH, Kansas - Mikaela Altis, a physician assistant in the primary care department at Munson Army Health Center, says a new AI tool has changed how she works with patients. Instead of...