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BrightSpring Health Services Acquires Roanoke Home Care

Key Takeaway: BrightSpring Health Services has acquired Roanoke Home Care, which will now operate under its Adoration Home Health brand. This acquisition allows BrightSpring to enhance its existing home health services in North Carolina and the Outer Banks area. The move is part of BrightSpring's strategy to provide integrated health services to its patients.
Price reaction · baseline $12.705 (2024-09-03T14:13:00.000Z) · hit during market hours · 1 other BTSG headline(s) in the window, move may be shared
day 0 close · peak
-1.5%

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POSITIVE FACTORS

  • BrightSpring expands its home health services through acquisition.
  • Roanoke Home Care's team will enhance patient care offerings.
  • The acquisition aligns with BrightSpring's growth strategy.

Full Press Release Details

BrightSpring Health Services (“BrightSpring”), a leading provider of complementary pharmacy and home and community-based services, has announced the acquisition of Roanoke Home Care (“Roanoke”), Martin-Tyrrell-Washington District Health Department’s home health business.
Roanoke’s home health team will join BrightSpring’s Adoration Home Health business and will operate as Adoration Home Health. Adoration will continue operations in Roanoke’s existing footprint, as well as the Outer Banks, NC, and the surrounding area.
The addition of Roanoke complements the home health services already provided by BrightSpring throughout the state of North Carolina.
“The majority of BrightSpring’s and Adoration’s patients require multiple, integrated health services,” said Elizabeth Robinson, President of Home Health Care Services. “The addition of Martin-Tyrrell-Washington District Health Department’s home health business is consistent with our quality and growth strategies to enhance our home health platform through a unique set of complementary offerings. Together we have an opportunity to provide greater benefits to patients, as well as community and payor stakeholders.”
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Frequently Asked Questions

What company did BrightSpring Health Services acquire?

BrightSpring Health Services acquired Roanoke Home Care.

What will Roanoke Home Care operate as after the acquisition?

Roanoke Home Care will operate as Adoration Home Health.

Where will the services of Adoration Home Health continue?

Adoration Home Health will continue in Roanoke's existing footprint and the Outer Banks, NC.

What is the goal of BrightSpring's acquisition?

The acquisition aims to enhance home health services and provide integrated health offerings.

Last updated: Sep 3, 2024