Brightspring Health Services Inc
brightspringhealth.comWhat Do They Do?
Provides pharmacy and in-home health services, including home health, hospice and rehabilitation, to seniors and other patients with complex medical needs through government programs, insurers and private-pay customers.
10-K for FY2025, filed Feb 27, 2026We are a leading home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services…View ↗
We have built a significant presence and capability in delivering complementary and high-touch daily healthcare services and programs to…View ↗
We are reimbursed for substantially all of our services by federal, state, and local government programs, such as Medicare, including…View ↗
How Do They Make Money?
Pharmacy customers and payors pay for prescription products and related support when orders ship or are delivered. Provider-service customers pay at agreed rates as care is provided.
10-K for FY2025, filed Feb 27, 2026The following table summarizes the revenues generated by each of our reportable segments for the most recent two years:View ↗
Pharmacy Solutions revenues are generated from the products and services provided in association with the distribution of prescription…View ↗
Provider Services revenues are generated from providing care services directly to consumers under contracts with state, local and other…View ↗
-
10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$12.9B
-
10-K for FY2025, filed Feb 27, 2026
$12.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Commercial Insurance
Mix
10-K for FY2025, filed Feb 27, 2026 |
26%
FY2022: 22%
|
Commercial Insurance, FY2025
$3.3B Sources
|
Mix |
|
Medicaid
Mix
10-K for FY2025, filed Feb 27, 2026 |
12%
FY2022: 12%
|
Medicaid, FY2025
$1.5B Sources
|
Mix |
|
Medicare Part A
Mix
|
8.5%
FY2022: 14%
|
Medicare Part A, FY2025
$1.1B Sources
|
Mix |
|
Medicare Part B
Mix
|
0.6%
FY2022: 0.9%
|
Medicare Part B, FY2025
$82.8M Sources
|
Mix |
|
Medicare Part C
Mix
10-K for FY2025, filed Feb 27, 2026 |
19%
FY2022: 19%
|
Medicare Part C, FY2025
$2.4B Sources
|
Mix |
|
Medicare Part D
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
32%
FY2022: 22%
|
Medicare Part D, FY2025
$4.1B Sources
|
Sold outright |
|
Private and Other
Mix
|
3.3%
FY2022: 5.1%
|
Private and Other, FY2025
$424.1M Sources
|
Mix |
Who Are Their Customers?
Government programs and health plans reimburse most services. Pharmacy services reach patients through prescribers and care facilities, while provider-service patients generally arrive through third-party healthcare and social-service referrals; some facilities pay directly for pharmacy services.
10-K for FY2025, filed Feb 27, 2026
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 31, 2026
$84.3MView ↗
- ▲ +199%
- vs $28.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
-
Jul 31, 2026
Raised full-year revenue and adjusted EBITDA guidance
The revised 2026 outlook calls for revenue of $15,100 million to $15,425 million and Adjusted EBITDA of $820 million to $845 million.
Sources
8-K, filed Jul 31, 2026
Revenues of $15,100 million to $15,425 million, or 17.0% to 19.5% growth oView ↗
-
Mar 31, 2026
Sold the Community Living business and related programs
The sale covered community living services, home and community based waiver programs, and intermediate care facilities.
Sources
8-K, filed Mar 31, 2026
On March 30, 2026, upon the terms and subject to the conditions set forth in the Agreement, the Transaction was completed. The aggregate…View ↗
Who Do They Compete With?
Competes with Option Care Health, CVS Health, Cigna, UnitedHealth Group, and Omnicare
10-K for FY2025, filed Feb 27, 2026The U.S. healthcare industry in which we operate is highly competitive. We compete with a broad and diverse set of businesses spanning both…View ↗
Loading...
