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
February 16, 2026 - 05:19
Pennsylvania’s workers see more of their paychecks go toward health insuranceA new analysis reveals a significant financial burden for many employees across the state, as an increasing portion of their earnings is directed toward health insurance premiums. Research...
February 15, 2026 - 09:53
Chester pushes for return of health services 9 months after hospital's closingNine months after the sudden closure of Crozer-Chester Medical Center, the city of Chester continues to grapple with a deepening healthcare crisis. Residents are now routinely forced to travel...
February 14, 2026 - 22:58
Oklahoma Sen. Kristen Thompson targets health, literacy and workforce reformState Senator Kristen Thompson is outlining an ambitious legislative agenda focused on interconnected reforms in health, education, and workforce development. The Edmond Republican argues that...
February 14, 2026 - 16:21
Colorectal cancer is increasing among young people. Experts explain how decrease your riskA concerning shift is occurring in cancer diagnoses, with colorectal cancer rates steadily increasing among younger adults. This trend brings renewed attention following the diagnosis of actor...