BrightSpring Health Divests Community Living Business For $850 Million To Focus On Core Activities
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BrightSpring Health Services Inc (BTSG) has agreed to sell its Community Living business, ResCare Community Living, to Sevita for $835 million in cash. This divestment allows BrightSpring to focus on its core activities.
January 21, 2025 | 7:00 pm
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BrightSpring Health Services Inc is divesting its Community Living business for $835 million to focus on core activities. This strategic move could streamline operations and potentially improve financial performance.
The divestment of ResCare Community Living for $835 million in cash provides BrightSpring with significant capital and allows the company to concentrate on its core operations. This could lead to improved operational efficiency and financial performance, positively impacting the stock price in the short term.
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