LOUISVILLE - BrightSpring Health Services (NASDAQ: BTSG), a prominent provider of home and community-based health services, has announced the recent acquisition of several companies, including a Maryland home health operation, a Michigan behavioral therapy company, and a Montana long-term care pharmacy. These acquisitions are part of BrightSpring's strategy to enhance market penetration and density.
President and CEO Jon Rousseau expressed enthusiasm for the integration of these new entities into BrightSpring's platform, which offers a range of health services. He highlighted the shared commitment to quality care for high-need patient populations and the potential to serve more communities as a result of these transactions.
The Maryland home health operation was acquired effective January 1, 2024. BrightSpring also completed the acquisition of the remaining 30% equity interest in a Michigan behavioral therapy joint venture on March 1, 2024. The Montana long-term care pharmacy acquisition, which also serves assisted living facilities, group homes, and mental health patients, was finalized on March 19, 2024.
Rousseau noted that partnering with strong local companies supports BrightSpring's mission to expand its services and deepen its market presence, ultimately increasing community and patient impact.
BrightSpring Health Services, headquartered in Louisville, Kentucky, operates service lines across the United States, offering integrated pharmacy, primary care, home health care, rehabilitation, and behavioral health solutions. The company serves over 400,000 customers, clients, and patients daily across all 50 states.
This expansion news is based on a press release statement.
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