-

BrightSpring Health Services Acquires Abode Healthcare

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services completed the acquisition of Abode Healthcare today.

Abode Healthcare is one of the nation’s leading providers of home health and hospice services. Headquartered in Durango, Colorado, Abode provides home health and hospice care in 12 states through 41 branches. In combination with BrightSpring’s existing home health and hospice business, the company’s expanded footprint in the segment now spans 17 states.

“We are thrilled to become part of the BrightSpring family,” said Mike McMaude, Abode CEO, who will continue to lead the business under the Abode and affiliate names. “Abode’s patient-first philosophy, focus on delivering the best care in lower cost and preferred settings, and strong management and clinical teams are entirely consistent with BrightSpring’s priorities and culture and a great combination.”

BrightSpring President and CEO Jon Rousseau said, “As a leading home health and hospice services provider, Abode and its family of brands across its markets of service will enhance the company’s position and market-leading service levels in the industry. With our combined footprint, we are accelerating the ability to bring a comprehensive, customizable local home health and hospice service model to more communities across the country. Both Abode and BrightSpring share strong values and a commitment to people, quality and our customers and patients.”

Jon further added, “Moreover, all of the people we are proud to serve require clinical support, personal care (social determinants of health) supports and pharmacy services (with medication therapy management). We uniquely provide these three required services that all of our clients and patients need, and our combination with a high-quality home health and hospice provider in Abode further builds on our home-based clinical service offering and geographic coverage in this critically important area.”

About Abode Healthcare
At Abode Healthcare, our primary ambition is to bring first-class care to the warmest, most serene environment possible: home. We provide the full spectrum of home health and hospice treatment, thoughtfully tailored to patients and families, with focused attention given to individual needs and preferences. Abode strives to eliminate the reputation of generic, “one‑size‑fits‑all” healthcare from our patients’ concept of medical care, and we accomplish this by adapting to their needs, including at-home physical therapy to recover from injury or surgery, chronic disease management care, homecare for patients with a terminal illness, or end-of-life hospice care. For more information, visit www.abodehealthcare.com. Follow us on Facebook, Twitter, and LinkedIn.

About BrightSpring Health Services
BrightSpring Health Services is the leading provider of complementary home and community-based pharmacy and health services for complex populations in need of specialized and/or chronic care. Through the company’s lines of business, including pharmacy, home health, hospice, personal care, neuro rehabilitation, pediatric therapy, behavioral health, family and youth services, and workforce development, we provide comprehensive and specialized care and clinical services in 50 states to over 360,000 customers, clients and patients daily.

For more information, visit brightspringhealth.com. Follow us on Facebook, Twitter and LinkedIn.

Contacts

Leigh White
VP, Communications and PR
BrightSpring Health Services
leigh.white@brightspringhealthservices.com
(502) 630-7412

BrightSpring Health Services


Release Versions

Contacts

Leigh White
VP, Communications and PR
BrightSpring Health Services
leigh.white@brightspringhealthservices.com
(502) 630-7412

More News From BrightSpring Health Services

BrightSpring Health Services Announces Pricing of its Initial Public Offering and Concurrent Offering of Tangible Equity Units

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services, Inc. (“BrightSpring” or “BrightSpring Health Services”) today announced the pricing of an initial public offering of 53,333,334 shares of its common stock at $13.00 per share and a concurrent offering of 8,000,000 of its 6.75% tangible equity units (“Units”), with a stated amount of $50.00 per Unit. Shares of BrightSpring’s common stock and the Units are expected to begin trading on the NASDAQ Global Select Market on January 26, 20...

BrightSpring Health Services Announces Launch of its Initial Public Offering and Concurrent Offering of Tangible Equity Units

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services, Inc. (“BrightSpring” or “BrightSpring Health Services”) today announced the launch of its initial public offering of 53,333,334 shares of its common stock and its concurrent offering of 8,000,000 tangible equity units (“Units”), with a stated amount of $50.00 per Unit. The initial public offering price for the common stock is expected to be between $15.00 and $18.00 per share. The completion of the Units offering is conditioned upo...

New Study Published in Journal of American Medical Directors Association Highlights the BrightSpring Health Services CCRx Program for Medication Management, Including Superior Study Outcomes and a 73% Reduction in Hospitalization Rate Achieved

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services (“BrightSpring”), a leading provider of complementary and integrated home and community-based pharmacy and health services for complex populations in need of specialized care and/or chronic care, today announced the publication of a new study in the Journal of American Medical Directors Association (JAMDA). The study, led by William Mills, M.D., BrightSpring’s Senior Vice President of Medical Affairs, highlights the benefits of the...
Back to Newsroom