BrightSpring Expects 2024 Expansion, Acquisitions
Hospice News
MAY 2, 2024
BrightSpring Health Services Inc. (NASDAQ: BTSG) is positioning itself for further growth, driven in part by acquisitions. During the first quarter of the year, BrightSpring saw net revenue rise 27% year-over-year to $2.5 billion. The Louisville, Kentucky-based provider achieved a gross profit of $369 million, up 10.4% compared to $335 million in Q1 2023, but experienced a net loss of $46 million, up from a $22 million loss in the first quarter of 2023.
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