BrightSpring’s Pharmerica Sues Landmark Recovery, Adding to SUD Provider’s Mounting Contractor Disputes

Franklin, Tennessee-based addiction treatment facility operator Landmark Recovery faces several lawsuits over its business dealings, the latest involving a breach of contract dispute with one of the largest institutional pharmacies in the U.S. On Dec. 5, Pharmacy Company of America, also known as Pharmerica, filed a lawsuit in the U.S. District Court for the Western […]

BrightSpring Sells IDD Business to Sevita for $835M

Health care provider BrightSpring (Nasdaq: BTSG) is divesting its behavioral health business, which includes care for people with intellectual and developmental disabilities (IDD). Sevita, another home and community-based care provider, paid $835 million to acquire the service arm.  Louisville, Kentucky-based BrightSpring announced the deal on Monday, saying that selling its behavioral service arm, ResCare Community […]

KKR-Backed Behavioral Health Provider BrightSpring Reportedly Reignites IPO Interest

BrightSpring Health Service, which provides various behavioral and physical health services, is reportedly looking to file a $1 billion initial public offering (IPO). That’s according to a new report by Bloomberg News. This comes roughly two years after the Louisville, Kentucky-based organization filed the paperwork to go public. But last November, the company revealed that […]

Pipeline: Promises, Spero Open New Facilities; ABA Expansions in Multiple States

Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]