Home Health Care News May 30, 2024
BrightSpring Health Services (Nasdaq: BTSG) views at-home care as the area that could drive margins back up.
In the first quarter, BrightSpring saw some mixed impact on EBITDA margin as a result of the company’s growing specialty oncology business. However, Jon Rousseau, president and CEO of BrightSpring, believes that the company is now in a stable position. He expects to see the margin go up throughout the rest of the year.
One of the factors behind this is BrightSpring’s home- and community-based services (HCBS).
“[In] home and community, we’re very focused on a number of procurement and operational initiatives as well, [and] we see about at least a point or 2% margin opportunity in those businesses over the next year...
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