Hospice providers across the country have appointed new leadership, including local, regional and national companies. BrightSpring Names New CFO BrightSpring Health Services (Nasdaq: BTSG) has promoted Jennifer Phipps to CFO. She succeeded Jim Mattingly, effective March 4. Phipps has been with BrightSpring for eight years, most recently serving as chief accounting officer and principal accounting […]
BrightSpring Health Services Inc. (Nasdaq: BTSG) recently sold off its community living business to Setiva for $835 million. The transaction is anticipated to close in 2025 pending regulatory approvals. Dubbed as ResCare Community Living, the sale of the business line represents an important milestone in BrightSpring’s strategic trajectory. The Louisville, Kentucky-based home- and community-based health […]
BrightSpring Health Services Inc. (Nasdaq: BTSG) is seeing financial and operational tailwinds propelling the company’s growth, with hospice and home health key focal points in its strategic outlook. Hospice and home health have been, and will continue to be, crucial parts of the company’s suite of health care services as demand swells among aging populations, […]
As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers. Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies. […]
BrightSpring Health Services Inc. (NASDAQ: BTSG) is poised for growth in the home health and hospice landscape. The company anticipates ramping up merger and acquisition (M&A) activity in coming years, with an emphasis on long-term return on investment, according to BrightSpring President and CEO Jon Rousseau. The company is focusing on significant expansion in the […]
BrightSpring Health Services (NASDAQ: BTSG) has completed its acquisition of the Florida-based nonprofit Haven Hospice for $60 million. The transaction includes the purchase of two brands, North Central Florida Hospice Inc. and Haven Medical Group LLC. BrightSpring anticipates that Haven will grow into a $15 million EBITDA business, CEO Jon Rousseau indicated in a second […]
In a time of workforce shortages, hospices are seeking the “secret sauce” that will help keep employees on board and bring new people into their fold. To find the right mix, hospice providers that have achieved national recognition for employer best practices point to a particular secret ingredient — a supportive culture with open lines […]
BrightSpring Health Services’ (NASDAQ: BTSG) growth strategy rests on three pillars. First, the company targets patient populations with complex needs in large, growing markets. This is coupled with a drive towards volume growth and increasing recurring revenue through quality, sales and marketing efforts and the establishment of de novos and acquisitions. Third, the company works […]
BrightSpring Health Services (NASDAQ: BTSG) has penned a definitive agreement to acquire the assets of Haven Hospice in a $60 million deal. The transaction includes the purchase of two brands, North Central Florida Hospice Inc. and Haven Medical Group LLC. The nonprofit holds hospice certificates of need (CON) for hospice care in 18 Florida counties. […]
Building a diversified portfolio of services is a cornerstone of BrightSpring Health Services Inc. (NASDAQ: BTSG) efforts to grow its scale and market share. The company currently offers services ranging from hospice, home health, rehabilitation, behavioral health and a large pharmacy business. Going forward, the company plans to launch a home-based primary care service, CEO […]
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