BrightSpring Health Services, Inc. (BTSG): M&A transaction — BrightSpring completes $835M sale of ResCare Community Living to Sevita; pays down $425M debt

BrightSpring Health Services, Inc.

Closed sale of ResCare Community Living to Sevita for $835M cash (subject to working capital adjustments) on March 30, 2026.
Net cash proceeds ~$816.6M; after-tax gain on sale of $31.98M recorded in pro forma.
Repaid $425M of first lien term loan with proceeds, reducing long-term debt by that amount.
Robert Barnes (President, ResCare Community Living) resigned upon closing; no severance, accelerated vesting of 15,540 RSUs and 5,640 options.
BrightSpring to focus on Provider Services (Home Health, Personal Care, Rehab Therapy); entered transition services agreement with Sevita.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BrightSpring Health Services, Inc. completed a disposition involving National Mentor Holdings, Inc. (dba Sevita) for $835 million (closed 2026-03-30).

Action: disposition
Counterparty: National Mentor Holdings, Inc. (dba Sevita)
Consideration: $835 million
Closing: 2026-03-30

Exact text from the filing

On March 30, 2026, upon the terms and subject to the conditions set forth in the Agreement, the Transaction was completed. The aggregate consideration paid to the Company at the closing of the Transaction was $835 million, subject to typical adjustments for working capital and other customary items.

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BrightSpring Health Services, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-133307

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