BrightSpring Health Services Inc. (Nasdaq: BTSG) recently sold off its community living business to Setiva for $835 million. Dubbed as ResCare Community Living, the sale of the business line represents an important milestone in BrightSpring’s strategic trajectory. Among the multifaceted reasons for the divestiture is a drive to dedicate more time, energy and capital to supporting patients in hospice, home health, primary and personal care services, President and CEO Jon Rousseau said. Additionally, the company expects more strategic opportunities to follow the deal’s closing, particularly in its pharmacy and provider businesses serving seniors populations.
Read the full article: Behind BrightSpring’s $835M Community Living Service Divestiture to Setiva //
Source: https://hospicenews.com/2025/01/27/behind-brightsprings-835m-community-living-service-divestiture-to-setiva