Sevita Health Must Divest 128 Intermediate Care Facilities To Close BrightSpring Acquisition

Sevita Health must divest 128 intermediate care facilities (ICFs) for individuals with intellectual and developmental disabilities (I/DD) in three states to complete its previously announced acquisition of BrightSpring Health’s community living business. The organizations announced a definitive agreement for the deal in January 2025, with Sevita agreeing to pay $835 million in cash.

Sevita is a subsidiary of Centerbridge Seaport Acquisition Fund, L.P., and National Mentor Holdings, Inc. The transaction would combine two of the largest national providers of residential services for individuals with I/DD. The deal was challenged by the Federal Trade Commission (FTC), which . . .