Onex to sell home health services provider BrightSpring
Canadian private equity firm Onex Corp has agreed to sell BrightSpring Health Services, a Louisville, Kentucky-based provider of home and community health services to people in need of specialized care. The terms and the buyer were not disclosed. The deal is expected to wrap up in Q1 2019. Onex acquired a minority stake in BrightSpring, formerly known as ResCare Inc, in 2004. In 2010, the investor acquired the remaining interest in a take-private transaction, valuing the company at US$390 million. Onex said it expected the sale to provide a blended gross multiple of invested capital of 5.7 times to the firm.
10 December 2018•4 mins read
