The Federal Trade Commission announced it will require Sevita Health to divest more than 100 healthcare facilities to resolve antitrust concerns related to its proposed $835 million acquisition of BrightSpring Health Services’ community living business. Under the FTC’s proposed consent order, Sevita must divest 128 intermediate care facilities that provide services to individuals with intellectual and developmental disabilities, along with other assets including day-training programs. The facilities are located in Indiana, Louisiana, and Texas. Dungarvin Group will acquire the divested facilities. The FTC described Dungarvin as an experienced operator of intermediate care facilities.
Read the full article: FTC Requires Sevita to Divest 128 Facilities in Healthcare Merger Deal //
Source: https://www.streetinsider.com/Corporate+News/FTC+requires+Sevita+to+divest+128+facilities+in+healthcare+merger+deal/25920526.html