Business
BrightSpring Health Services, Inc. Reports First Quarter 2025 Financial Results and Increases Full Year 2025 Guidance
LOUISVILLE, Ky., May 02, 2025 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of
About this update from Brightspring Health Services, Inc.
[{"type":"text","content":"LOUISVILLE, Ky., May 02, 2025 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced financial results for the first quarter ended March 31, 2025, and increased Revenue and Adjusted EBITDA1 guidance. Financial Highlights(note: all figures exclude the Community Living business) Net Revenue of $2,878 million, up 25.9% compared to $2,286 million in the first quarter of 2024.Net Income from Continuing Operations of $9.2 million, compared to Net Loss from Continuing Operations of $56.0 million in the first quarter of 2024.Adjusted EBITDA1 of $131 million, up 28.2% versus $102 million in the first quarter of 2024.Planned divestiture of Community Living business to Sevita, announced on January 20, 2025, remains on track to be divested this year.Increased 2025 Revenue and Adjusted EBITDA guidance: Revenue: $12,000 - $12,500 millionAdjusted EBITDA1: $570 - $585 million “BrightSpring’s focus on serving patients with quality and efficient care in home and community settings continues to be foundational to the Company’s growth and financial performance,” said Jon Rousseau, Chairman, President, and Chief Executive Officer of the Company. “We are pleased with our first quarter results across the Pharmacy and Provider service lines, as we reach more patients with high-quality solutions, leverage our scaled platform and processes, and invest in best practices and the future. We remain confident in our team’s ability to bring timely, coordinated, and impactful services and care to the populations we serve, where they are.” First Quarter 2025 Financial Results (note: all figures exclude the Community Living business) Net Revenue of $2,878 million, up 25.9% compared to $2,286 million in the first quarter of 2024. Gross Profit of $338 million, up 15.7% compared to $292 million in the first quarter of 2024. Net Income from Continuing Operations of $9.2 million, compared to Net Loss from Continuing Operations of $56.0 million in the first quarter of 2024. Adjusted EBITDA1 of $131 million, up 28.2% compared to $102 million in the first quarter of 2024. 1Adjusted EBITDA is a non-GAAP financial measure. Please see “Non-GAAP Financial Information” and the end of this press release for a reconciliation o...