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.

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Departed

Robert Barnes

President, ResCare Community Living

BrightSpring Health Services, Inc.

Effective: 2026-03-30
Filed: Mar 31, 2026 23:59 UTC

Effective upon the closing of the Transaction, Robert Barnes, who served as President, ResCare Community Living, resigned from the Company.

Source: SEC EDGAR

accession 0001193125-26-133307

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