BrightSpring Health Services, Inc. enters into definitive agreement to divest Community Living business to Sevita; reports preliminary 2024 financial results and provides 2025 guidance excluding Community Living

BrightSpring Health Services, Inc. enters into definitive agreement to divest Community Living business to Sevita; reports preliminary 2024 financial results and provides 2025 guidance excluding Community Living 
The MarCom Journal, Louisville, KY; by Leigh White; 1/20/25 
BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based pharmacy and health services for complex populations, today announced it has entered into a definitive agreement to divest its Community Living business, namely ResCare Community Living, to Sevita, a leading provider of home and community-based specialty health care, for $835 million in cash consideration, subject to customary adjustments. The transaction is expected to close in 2025, pursuant to regulatory approvals and typical closing conditions. Following the divestiture, BrightSpring’s Provider Services will be comprised of Home Health and Hospice, Personal Care, Rehabilitation Services, and Primary Care.