M&A
confidence high
sentiment positive
materiality 0.85
BrightSpring sells Community Living unit for $835M to Sevita; issues preliminary 2024 results, 2025 outlook
BrightSpring Health Services, Inc.
- Divestiture of ResCare Community Living to Sevita for $835M cash; expected close H2 2025, subject to regulatory approvals.
- Net after-tax proceeds ~$715M; primarily used for debt paydown, accelerating deleveraging toward <3.0x target.
- Preliminary 2024 revenue $11.2B-$11.3B (26.9%-28.0% YoY) and Adj. EBITDA ~$588M, above prior guidance.
- 2025 guidance ex-Community Living: revenue $11.5B-$12.0B, Adj. EBITDA $540M-$555M (~17.4%-20.7% growth).
- Divested business had ~14,000 clients, 13,500 employees; generated ~$1.2B revenue and ~$128M Adj. EBITDA in 2024.