Home Health Care News November 1, 2024
The newest home-based care face on the public market, BrightSpring Health Services (Nasdaq: BTSG), is making strides.
The company announced a successful third quarter during its earnings call Friday. Leaders reported an overall increase in business and raised 2024 revenue and adjusted EBITDA guidance.
Provider service segment revenue grew across service lines for the Louisville, Kentucky-based company. This was primarily attributed to billable hours growth and its Rehab in Motion program supporting Medicare Part B outpatient rehab patients.
“We anticipate Rehab in Motion to continue to evolve next year and grow to meaningful size over the next five years,” BrightSpring President and CEO Jon Rousseau said on the call. “Another way we are laying the foundation for long-term growth and...
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