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
September 24, 2026 - 19:33
Iranian President Says Mojtaba Khamenei Is Healthy and Ready to LeadIranian President Masoud Pezeshkian has stated that Supreme Leader Mojtaba Khamenei is in good health and remains fully capable of governing the country. The comments came during an interview on...
September 24, 2026 - 00:06
Rising Health Costs Hit Medical Workers Hard as Premiums ClimbHealth insurance costs for employers are projected to rise at the fastest pace since 2003, and the strain is being felt even inside the medical profession. Nurses, doctors and staff at clinics and...
September 23, 2026 - 04:41
Piedmont Plans Major Investment to Relocate Newton County HospitalPiedmont Healthcare has announced plans to spend close to $600 million to relocate and modernize its hospital in Newton County. The health system described the project as the second-largest capital...
September 22, 2026 - 07:13
Wildfire Smoke Poses Higher Health Risks Than Other Air PollutionNew research indicates that smoke from wildfires may be more dangerous to human health than other forms of air pollution. The findings suggest that exposure to wildfire smoke is linked to increased...