BrightSpring sells behavioral division for $835M

BrightSpring Health plans to sell its community living business to Sevita in an $835 million deal. 

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Louisville, Ky.-based BrightSpring operates more than 2,000 residential homes for individuals with intellectual and developmental disabilities and behavioral conditions, according to a Jan. 21 news release. 

Sevita, based in Boston, provides care for adults and children with intellectual and developmental disabilities, complex care needs and individuals with autism. 

BrightSpring’s community living business has around 13,500 employees, according to the release. The transaction is expected to close in 2025. 

The sale will allow BrightSpring to focus on its other divisions, including home health and hospice care, rehabilitation services and primary care, the company said. 

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