7 results
10-Q
2024 Q1
BTSG
BrightSpring Health Services, Inc.
2 May 24
Quarterly report
8:55am
For the Three Months Ended March 31, 2023 | ||||||||||||||||||||||||||||||||
Commercial insurance | Medicaid | Medicare Part A | Medicare Part B | Medicare Part C | Medicare Part D | Private & other | Total | |||||||||||||||||||||||||
Infusion and Specialty Pharmacy | 16.3 | % | 4.5 | % | — | 0.6 | % | 9.6 | % | 17.7 | % | 1.3 | % | 50.0 | % | |||||||||||||||||
Home and Community Pharmacy | 1.3 | % | 2.6 | % | 6.9 | % | — | — | 10.5 | % | 1.0 | % | 22.3 | % | ||||||||||||||||||
Pharmacy Solutions | 17.6 | % | 7.1 | % | 6.9 | % | 0.6 | % | 9.6 | % | 28.2 | % | 2.3 | % | 72.3 | % | ||||||||||||||||
Home Health Care | 0.3 | % | 3.3 | % | 5.0 | % | 0.3 | % | 0.7 | % | — | 1.5 | % | 11.1 | % | |||||||||||||||||
Community and Rehab Care | 1.4 | % | 12.5 | % | — | — | — | — | 2.7 | % | 16.6 | % | ||||||||||||||||||||
Provider Services | 1.7 | % | 15.8 | % | 5.0 | % | 0.3 | % | 0.7 | % | — | 4.2 | % | 27.7 | % | |||||||||||||||||
Consolidated | 19.3 | % | 22.9 | % | 11.9 | % | 0.9 | % | 10.3 | % | 28.2 | % | 6.5 | % | 100.0 | % |
10-Q
2024 Q1
BTSG
BrightSpring Health Services, Inc.
2 May 24
Quarterly report
8:55am
Provider Services | ||||||||||||||||
($ in thousands, except Business Metrics) | For the Three Months Ended March 31, | Change | ||||||||||||||
2024 | 2023 | Amount | % | |||||||||||||
Revenues | $ | 599,603 | $ | 561,376 | $ | 38,227 | 6.8 | % | ||||||||
Cost of services | 400,147 | 386,684 | 13,463 | 3.5 | % | |||||||||||
Gross profit | 199,456 | 174,692 | 24,764 | 14.2 | % | |||||||||||
Selling, general, and administrative expenses | 134,409 | 127,212 | 7,197 | 5.7 | % | |||||||||||
Segment operating income | $ | 65,047 | $ | 47,480 | $ | 17,567 | 37.0 | % | ||||||||
Segment EBITDA | $ | 81,912 | $ | 65,305 | $ | 16,607 | 25.4 | % | ||||||||
Business Metrics: | ||||||||||||||||
Home Health Care average daily census | 42,928 | 38,825 | 4,103 | 10.6 | % | |||||||||||
Community and Rehab Care persons served | 16,595 | 16,540 | 55 | 0.3 | % |
10-Q
2024 Q1
BTSG
BrightSpring Health Services, Inc.
2 May 24
Quarterly report
8:55am
For the Three Months Ended March 31, 2024 | ||||||||||||||||||||||||||||||||
Commercial insurance | Medicaid | Medicare Part A | Medicare Part B | Medicare Part C | Medicare Part D | Private & other | Total | |||||||||||||||||||||||||
Infusion and Specialty Pharmacy | 17.3 | % | 5.0 | % | — | 0.7 | % | 13.1 | % | 20.2 | % | 0.7 | % | 57.0 | % | |||||||||||||||||
Home and Community Pharmacy | 2.3 | % | 2.3 | % | 5.0 | % | — | — | 9.2 | % | 0.9 | % | 19.7 | % | ||||||||||||||||||
Pharmacy Solutions | 19.6 | % | 7.3 | % | 5.0 | % | 0.7 | % | 13.1 | % | 29.4 | % | 1.6 | % | 76.7 | % | ||||||||||||||||
Home Health Care | 0.4 | % | 2.7 | % | 4.1 | % | 0.3 | % | 0.8 | % | — | 1.3 | % | 9.6 | % | |||||||||||||||||
Community and Rehab Care | 1.4 | % | 10.3 | % | — | — | — | — | 2.0 | % | 13.7 | % | ||||||||||||||||||||
Provider Services | 1.8 | % | 13.0 | % | 4.1 | % | 0.3 | % | 0.8 | % | — | 3.3 | % | 23.3 | % | |||||||||||||||||
Consolidated | 21.4 | % | 20.3 | % | 9.1 | % | 1.0 | % | 13.9 | % | 29.4 | % | 4.9 | % | 100.0 | % |
10-K
2023 FY
BTSG
BrightSpring Health Services, Inc.
6 Mar 24
Annual report
5:11pm
The table below summarizes the total compensation paid to or earned by each of our named executive officers for the years indicated.
Non-Equity | ||||||||||||||||||||||||||
Option | Incentive Plan | All Other | ||||||||||||||||||||||||
Salary | Bonus | Awards | Compensation | Compensation | ||||||||||||||||||||||
Name and Principal Position | Year | ($)(1) | ($)(2) | ($)(3) | ($) | ($)(4) | Total ($) | |||||||||||||||||||
Jon Rousseau President and Chief Executive Officer | 2023 | 926,027 | — | 5,949,200 | 1,419,531 | 10,054,073 | 18,348,831 | |||||||||||||||||||
2022 | 800,000 | 132,680 | — | 627,320 | 2,551 | 1,562,551 | ||||||||||||||||||||
2021 | 800,000 | — | — | 964,069 | 2,551 | 1,766,620 | ||||||||||||||||||||
Jim Mattingly Executive Vice President and Chief Financial Officer | 2023 | 424,598 | — | — | 482,184 | 2,176 | 908,957 | |||||||||||||||||||
2022 | 418,686 | 69,439 | — | 328,313 | 2,170 | 818,608 | ||||||||||||||||||||
2021 | 413,154 | 89,996 | — | 468,965 | 2,163 | 974,278 | ||||||||||||||||||||
Steven Reed Chief Legal Officer and Corporate Secretary | 2023 | 362,016 | — | — | 397,545 | 2,104 | 761,659 | |||||||||||||||||||
2022 | 357,560 | 80,755 | — | 258,927 | 2,099 | 699,341 | ||||||||||||||||||||
Bob Barnes President, Community Living | 2023 | 419,980 | — | — | 322,545 | 2,171 | 744,696 | |||||||||||||||||||
2022 | 415,832 | — | — | 276,944 | 2,166 | 694,942 | ||||||||||||||||||||
2021 | 410,862 | 300,000 | — | 236,287 | 2,161 | 949,310 | ||||||||||||||||||||
Jennifer Yowler President, PharMerica | 2023 | 440,003 | 24,952 | — | 266,807 | 2,194 | 733,956 |
10-K
2023 FY
BTSG
BrightSpring Health Services, Inc.
6 Mar 24
Annual report
5:11pm
To our knowledge, except as indicated in the footnotes to this table and pursuant to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all shares of common stock.
Number of Shares | % Shares | |||||||
Name of Beneficial Owner(1) | Beneficially Owned | Beneficially Owned | ||||||
Greater than 5% Stockholders | ||||||||
KKR Stockholder(2) | 81,339,986 | 47.5 | ||||||
Walgreen Stockholder(3) | 34,859,994 | 20.4 | ||||||
Named Executive Officers and Directors(4): | ||||||||
Jon Rousseau | 2,700,003 | 1.6 | ||||||
Jim Mattingly | 592,777 | * | ||||||
Bob Barnes | 115,595 | * | ||||||
Jennifer Yowler | 91,861 | * | ||||||
Steven Reed | 221,801 | * | ||||||
Hunter Craig | — | * | ||||||
Matthew D’Ambrosio | — | * | ||||||
Johnny Kim | — | * | ||||||
Olivia Kirtley | — | * | ||||||
Max Lin | — | * | ||||||
Directors and Executive Officers as a group(4) (12 persons) | 4,372,717 | 2.5 |
10-K
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6 Mar 24
Annual report
5:11pm
10-K
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6 Mar 24
Annual report
5:11pm
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