M&A Deal Summary

BrightSpring Health Acquires Care Resources

On November 4, 2008, BrightSpring Health acquired education company Care Resources

Acquisition Highlights
  • This is BrightSpring Health’s 1st transaction in the Education sector.
  • This is BrightSpring Health’s 2nd transaction in the United States.
  • This is BrightSpring Health’s 1st transaction in Maryland.
Investment Fate
  • Care Resources was divested to a consortium of strategic buyers in 2016.

M&A Deal Summary

Date 2008-11-04
Target Care Resources
Sector Education
Buyer(s) BrightSpring Health
Deal Type Add-on Acquisition

Target

Care Resources

Baltimore, Maryland, United States
Care Resources, Inc. is an education staffing and management solutions company. Care Resources provides physical, occupational and speech language therapy to children with disabilities.

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Buyer(S) 1

Buyer

BrightSpring Health

Louisville, Kentucky, United States

Category Company
Sector Healthcare Services
DESCRIPTION

BrightSpring Health Services is a large provider of diversified home and community-based health services to complex, high-cost populations. The company provides nonclinical habilitative services and clinical rehabilitative services for people of all ages and skill levels. Its primary businesses include: behavioral health (including autism services), home health care (including personal care, home health, and hospice), neuro therapy, and job placement and vocational training, supported by pharmacy and telecare ancillary technologies and services. BrightSpring Health Services was formerly known as ResCare and is based in Louisville, Kentucky.


DEAL STATS #
Overall 2 of 12
Sector (Education) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (Maryland) 1 of 1
Country (United States) 2 of 11
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Habilitation Opportunities of Ohio

Cincinnati, Ohio, United States

Habilitation Opportunities of Ohio, Inc. provides residential, nursing, in-home healthcare, foster care, intermediate care services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-03 Friendship Developmental Services

National City, California, United States

Friendship Developmental Services, Inc. is a provider of healthcare services.

Buy -