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The latest update is out from BrightSpring Health Services, Inc. ( (BTSG) ).
On January 17, 2025, BrightSpring Health Services, through its subsidiary Res-Care, Inc., entered into a purchase agreement to divest its Community Living business to Sevita for $835 million. This transaction, expected to close in 2025, aligns with BrightSpring’s strategic focus on optimizing its Provider Services segment and reducing debt, while enhancing growth in its remaining service lines such as Home Health, Hospice, and Pharmacy Solutions. The divestiture is anticipated to improve operational efficiencies, increase revenue, and accelerate the company’s deleveraging efforts.
More about BrightSpring Health Services, Inc.
BrightSpring Health Services provides home- and community-based pharmacy and health solutions for complex populations needing specialized and/or chronic care. The company operates across the United States, offering services in pharmacy, home health care, primary care, rehabilitation, and behavioral health to over 400,000 clients daily.
YTD Price Performance: 7.04%
Average Trading Volume: 1,299,785
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.23B
Find detailed analytics on BTSG stock on TipRanks’ Stock Analysis page.