Brief: Brightspring Health Services Enters Into Definitive Agreement To Divest Community Living Business To Sevita

Brightspring Health Services

20/01/2025 23:34

Jan 20 (Reuters) - Brightspring Health Services Inc
 BTSG.O :
    * 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
    * BRIGHTSPRING HEALTH SERVICES INC - TO DIVEST COMMUNITY
LIVING
BUSINESS TO SEVITA FOR $835 MILLION
    * BRIGHTSPRING HEALTH SERVICES INC - TRANSACTION EXPECTED TO
RESULT IN $715 MILLION AFTER-TAX CASH PROCEEDS
    * BRIGHTSPRING HEALTH SERVICES: DIVESTURE EXPECTED TO
INCREASE
COMPANY REVENUE AND EBITDA GROWTH RATES AND CASH CONVERSION
    * BRIGHTSPRING HEALTH SERVICES INC: PRELIMINARY 2024 NET
REVENUE
OF $11,200 MILLION TO $11,300 MILLION
    * BRIGHTSPRING HEALTH SERVICES INC OUTLOOK FY 2025 NET
REVENUE
$11,500 MILLION - $12,000 MILLION EXCLUDES COMMUNITY LIVING
BUSINESS
    * BRIGHTSPRING HEALTH SERVICES: TRANSACTION EXPECTED TO BE
ACCRETIVE TO BOTH CO & PROVIDER SERVICES REVENUE GROWTH &
ADJUSTED EBITDA GROWTH

Source text:  ID:nGNX605g7l 
Further company coverage:  BTSG.O 

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