BrightSpring Health Services completes Haven Hospice acquisition BrightSpring Health Services (Nasdaq: BTSG) announced earlier this month that it has finalized its $60 million acquisition of the assets of North Central Hospice and Haven Medical Group, which collectively make up Haven Hospice. The deal was first announced in June, and was finalized as of Sept. 1. […]
BrightSpring Health Services
The investment firm KKR & Co. Inc. (NYSE: KKR) announced Friday that it had entered an agreement to acquire 11,619,998 shares of BrightSpring Health Services (Nasdaq: BTSG) stock from Walgreens Boots Alliance (Nasdaq: WBA). KKR is an existing backer of BrightSpring, which had a share price of $13.85 as of market close on Friday. Based […]
HCS-Girling Backs Pinnacle Home Care HCS-Girling and Pinnacle Home Care announced earlier this month that the two companies have a definitive agreement to enter into a strategic partnership. Financial terms of the deal were not disclosed. The New York-based HCS-Girling provides home health and home care services, and Pinnacle Home Care is one of the […]
Primary care will be an additional area of home-based care focus for BrightSpring Health Services (Nasdaq: BTSG) over the next few years. BrightSpring President and CEO Jon Rousseau discussed it as part of the company’s broader strategy at the Goldman Sachs 45th Annual Global Healthcare Conference Monday. “Our playbook — which has been successful really […]
Dover expands footprint Dover Health is expanding its footprint into Illinois. The company has acquired Centered Care Hospice and Palliative Care, and Cornerstone Home Health. Through the acquisitions, Dover Health will now serve Cook, DeKalb, DuPage, Grundy, Kane, Kankakee, Kendall, Lake and Will counties in Illinois. Dover Health is a health care organization that offers […]
BrightSpring Health Services (Nasdaq: BTSG) views at-home care as the area that could drive margins back up. In the first quarter, BrightSpring saw some mixed impact on EBITDA margin as a result of the company’s growing specialty oncology business. However, Jon Rousseau, president and CEO of BrightSpring, believes that the company is now in a […]
At BrightSpring Health Services (Nasdaq: BTSG), home health is one of the key ingredients to dramatically reducing hospitalizations. The other ingredient is the company’s medication management program for individuals in their homes. “Our medication management program … has demonstrated a 73% reduction in hospitalizations when utilized together with our home health,” Jon Rousseau, president and […]
Two months after it was first listed on the public market, BrightSpring Health Services (Nasdaq: BTSG) has closed on multiple acquisitions. The company announced Tuesday that it has acquired a Maryland-based home health operation, the remaining equity interest in a behavioral therapy JV in Michigan and a long-term care pharmacy in Montana. For one, the […]
Of late, it hasn’t always been sunshine and rainbows for home-based care providers after hitting the public market. BrightSpring Health Services (Nasdaq: BTSG), however, is trying to buck that trend. “We have strategically positioned BrightSpring to be a major player in the areas of greatest need in health care and in some of the most […]
BrightSpring Health Services (Nasdaq: BTSG) – the newest home-based care representative on the public market – is trying to solve the same issues most other agencies currently are. That includes, among many others, employee burnout. Despite massive scale and resources, BrightSpring is still trying to figure out how it can keep its best workers from […]
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