BrightSpring Health Services Positioned For Growth in 2024

Pharmacy services provider BrightSpring Health Services (BrightSpring) is positioned for growth following its successful initial public offering (IPO) that was completed in January 2024.

BrightSpring is the leading provider of complementary home- and community-based health services for complex populations in need of specialized and/or chronic care. BrightSpring provides services that high-need patients and clients require: supportive care, clinical and pharmacy solutions.

These services include home health care, hospice and home care to seniors, long-term specialty care to behavioral and neuro rehabilitation populations, and pharmacy therapy management to patients across many settings.

BrightSpring’s scaled national platform offers complimentary pharmacy and provider services that more completely address the multiple needs of complex Senior and Specialty patients across their various settings and over time.

BrightSpring’s strategy is straightforward:

• Drive organic growth in the core service lines, which enjoy strong secular tailwinds and where the company has demonstrated above market growth rates.
• Further coordinate services and care management capabilities to drive integrated care and value-based care.
• Continue to execute accretive acquisitions to fill in geographies and drive market density and share.

BrightSpring’s subsidiaries include:

• SpringHealth provides Behavioral Health & Integrated Care services for children and adults, to help each individual achieve their best overall health and well-being.
• Pharmacy Alternatives is a national pharmacy focused on serving individuals with cognitive, intellectual and developmental disabilities.
• ResCare Community Living provides support for individuals who need clinical and pharmacy support and assistance with activities of daily living due to an intellectual, developmental or cognitive disability.
• PharMerica and its family of pharmacy brands service the senior living, hospice, in-home, behavioral, specialty oncology, home infusion, skilled nursing and hospital pharmacy markets.
• Abode Care Partners provides integrated medical services in a variety of home settings, including private homes, assisted living facilities, and group homes for individuals with special needs.
• All Ways Caring home care services from short-term and transitional care to lifelong complex care, services.
• Adoration Home Health & Hospice
• OnePoint Patient Care is the nation’s premier hospice PBM and pharmacy.
• SpringPath Mental Health Services assists individuals with emotional, behavioral, and psychiatric disorders.
• Starting Point Nursing Services integrates with existing systems and process to provide 24/7/365 remote support tailored to the needs of its partners and their patients and clients.
• Amerita Specialty Infusion Services primarily involves the intravenous administration of medications that treat a wide range of acute and chronic health conditions such as infections, auto-immune illnesses, cancer, pain, multiple sclerosis, hemophilia and nutritional deficiencies.
• Onco360 Oncology Pharmacy has robust access to 116 limited distribution oncology medications along with personalized services such as financial assistance sourcing, expert clinical counseling, insurance benefit verification, and digital support. Onco360 is successful contracting for limited distribution drugs based on its quality results with manufacturers and other data and hub and value add programs that it is able to offer. Onco360 expects to win another 12 to 16 limited distribution drugs, depending on what comes out of the pipeline this year.
• Rest Assured® provides connectivity and support from remote caregivers who make sure seniors and individuals with disabilities are safe and doing well in their own home, while also offering peace of mind for family members.