BrightSpring Health Services, Inc.BTSG
What BrightSpring Health Services, Inc. does.
We are a leading home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. We have a differentiated approach to care delivery, with an integrated and scaled model that addresses critical services that the highest-need and highest-cost patients require. With a focus on Senior and Specialty patients, which includes Behavioral populations, our platform provides pharmacy and provider services (both clinical and supportive care in nature) in lower-cost home and community settings largely to Medicare, Medicaid, and commercially-insured populations. We are an essential part of our nation’s health delivery network as a front-line provider of high-quality and cost-effective care to a large and growing number of people, who increasingly require a combination of specialized solutions to enable holistic health care management. Our presence spans all 50 states, we serve over 465,000 patients daily through our approximately 10,500 clinical providers and pharmacists, and our services make a profound impact in the lives and communities of the people we serve.
Our model focuses on delivering high-touch and coordinated services to medically complex clients and patients, which is a large, growing, and underserved population in the U.S. healthcare system. These high-need and high-cost Senior and Specialty patients comprise a market of over $2.0 trillion across our business. The chronic conditions and long-term health needs of these patients not only represent an outsized share of health care spend today, according to RAND Health Care, but we believe that they are expected to also drive a disproportionate share of future expenditures. Americans with five or more chronic conditions make up over 12% of the population and account for 41% of total health care spending, on average spending 14 times more on health services than those without chronic conditions. These patients most often require both pharmacy and provider services to achieve the best outcomes, but must often navigate disjointed and separately-administered health services. This can result in uncoordinated care delivery with adverse medical consequences, as compared to receiving timely, proximal, and complete care support in the home and community that improves health and reduces cost.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $7.7B | $7.7B | $10.1B | $12.9B |
| Net income | — | -$53.9M | -$154.6M | -$18.1M | $190.7M |
| Free cash flow | — | -$74.8M | $137.3M | -$57.1M | $394.7M |
More on BTSG.
- BrightSpring Health Services, Inc. summary
- BrightSpring Health Services, Inc. financial statements
- BrightSpring Health Services, Inc. key metrics
- BrightSpring Health Services, Inc. health scores and style box
- BrightSpring Health Services, Inc. earnings
- BrightSpring Health Services, Inc. dividends
- BrightSpring Health Services, Inc. valuation
- BrightSpring Health Services, Inc. ownership and insiders
- BrightSpring Health Services, Inc. peers
Figures from BrightSpring Health Services, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.