Through its eleven lines of service, BrightSpring’s focus on serving complex populations with a need for specialized care has equipped the company to think beyond the walls of traditional health care models.
BrightSpring® began in 1974 as ResCare in Louisville, Kentucky. In 2018, BrightSpring officially moved away from its ResCare name, and ended up being acquired by global investment firm KKR and an affiliate of Walgreens Boots Alliance.
As part of this transaction, BrightSpring merged with PharMerica Corporation to become a leading provider of both home and community-based health and pharmacy services for high-need and medically complex populations. The combined company serves over 300,000 clients daily in 49 states, Puerto Rico and Canada with combined revenue of approximately $4.5 billion.
The strategic combination of BrightSpring and PharMerica creates a uniquely positioned, diversified health care platform with comprehensive care capabilities across clinical, pharmacy, and non-clinical support services in multiple care settings.
BrightSpring’s SpringHealth provides Behavioral Health & Integrated Care services for children and adults, to help each individual achieve their best overall health and well-being.
PharMerica, with more than 100 long-term care pharmacies in over 45 states nationwide, employs approximately 5,500 employees and pharmacy professionals. PharMerica is broadening its reach to partner with operators that serve people with intellectual and developmental disabilities, while also increasing concentration in the nursing home market.
BrightSpring plans to refine its three-pronged strategy focused on pharmacy, non-clinical home care, and highly clinical intermittent home health care services, all with a care management overlay to enable integrated care.
BrightSpring focuses on three elements:
- Pharmacy services, the daily medication management component.
- Non-clinical day-to-day caregiving components that revolve around social determinants of health.
- Clinical services provided on a more intermittent basis when required.
Takeaway: BrightSpring plans to continue to execute on its unique platform and continue to build out the company’s integrated care service capabilities in target geographies