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 25, 2026 - 13:39
Drug mix-up at Ascension impacts at least 4 surgeries, leaves 1 patient paralyzedHospital officials are working to determine how a contaminated anesthetic may have reached operating rooms, after at least four joint replacement procedures were impacted and one patient was left...
August 24, 2026 - 17:16
Alfalfa sprouts linked to food poisoning in 15 states, officials sayFederal health authorities have identified alfalfa sprouts as the likely source of a multi-state food poisoning outbreak that has now reached 15 states. The Centers for Disease Control and...
August 24, 2026 - 15:42
FDA digital health leader promises generative AI regulatory guidance is comingThe U.S. Food and Drug Administration is preparing to release formal guidance on how it will regulate generative artificial intelligence used in medical devices, according to Rick Abramson, the...
August 23, 2026 - 22:04
San Diego woman, 41, has arms and legs amputated after routine checkup went horribly wrongA 41-year-old woman from Spring Valley, California, is recovering after a routine medical appointment in May took a devastating turn. The woman, whose name has not been released, went in for a...