Private equity-backed health care provider BrightSpring 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 […]
Recovery Centers of America has named former-Sevita executive Brett Cohen its next CEO. Former-CEO Brian O’Neill, who founded the company in 2014, will transition to a board member role. Before joining Recovery Centers of America, Cohen served as the chief operating officer of the intellectual and developmental disabilities services organization Sevita, which employs over 40,000 […]
Sevita – one of the largest providers of community-based and in-home care services for people with intellectual and developmental disabilities (I/DD) in the nation – has named a new CEO. The company, formerly branded as The Mentor Network, announced Philip Kaufman’s appointment to the top executive position on Monday. A long-time UnitedHealth Group (NYSE: UNH) […]
Chicago-based private equity firm Madison Dearborn Partners LLC will acquire a 25% stake in Boston-based Sevita Health, according to a report from Axios Pro. If the deal goes through Madison Dearborn Partners will join New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP as investors. Sevita, formerly The Mentor Network, provides community-based and […]
Owners of Boston-based Sevita Health apparently want to sell a minority stake in the community-based and in-home care service company for people with intellectual and developmental disabilities (I/DD). PEHub.com reports that New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP are seeking to sell a stake in the company and value it at […]
Sevita — a provider of community-based specialized health care —announced the acquisition of Good Neighbor, a Richmond, Virginia-based provider of services for people with intellectual and developmental disabilities. According to a news release, the acquisition reaffirms Sevita’s “renewed focus” to provide access to whole person care and in turn expands its “Community Support Services” operating […]
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