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
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BrightSpring Health Services, Inc. (NASDAQ: BTSG) has entered into an agreement to sell its Community Living business to Sevita for $835 million. The transaction is expected to close in 2025, pending regulatory approvals.
January 20, 2025 | 11:45 pm
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BrightSpring Health Services is divesting its Community Living business to Sevita for $835 million. This strategic move will allow BrightSpring to focus on its core operations and potentially improve its financial position.
The divestment of the Community Living business for $835 million will provide BrightSpring with significant cash inflow, allowing it to focus on its core operations. This could lead to improved financial performance and investor sentiment, positively impacting the stock price.
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