Two months after first itemizing on the general public market, BrightSpring Well being Companies (Nasdaq: BTSG) has accomplished a number of acquisitions.

The corporate introduced Tuesday that it has acquired a Maryland-based house well being care company, the remaining fairness curiosity in a behavioral well being JV in Michigan and a long-term care pharmacy in Montana.

First, the offers align with what’s prone to be a comparatively aggressive merger and acquisition technique by the house and community-based service supplier (HCBS). However they're additionally a great illustration of the model range that BrightSpring has, from house well being, to behavioral well being, to long-term care – throughout the nation.

“We’re excited to welcome these firms and their workers to our uniquely scaled and differentiated BrightSpring platform of main and complementary healthcare providers,” Jon Rousseau, president and CEO of BrightSpring, stated in an announcement. “These firms share our values ​​and powerful dedication to delivering top-quality care to affected person populations that want it most. Collectively we will attain extra communities and ship high-quality providers and care immediately the place individuals reside.”

Based mostly in Louisville, BrightSpring supplies care to advanced populations each at house and locally. It supplies major care, HCBS, pharmacy and rehabilitation providers to greater than 400,000 shoppers in 50 states.

The most recent acquisitions “proceed to assist market penetration and market density methods,” the corporate stated.

“At BrightSpring, we sit up for better alternatives for group and affected person impression that can come from partnering with robust native firms like these, leveraging our distinctive platform strengths and value-add capabilities, and increasing and deepening our footprint in our markets,” says Rousseau. continued.

Specifically, house well being care was accomplished on January 1. The behavioral well being settlement went into impact on March 1, whereas the long-term care pharmacy turned efficient on March 19.

Jefferies analysts wrote in a word Tuesday that the first-quarter offers function “early proof of administration's capability to execute its technique.”

“With lower than three months as a publicly traded firm underneath our belts, we interpret BrightSpring's deal bulletins as incrementally constructive,” the word stated. “A big a part of the criticism we acquired concerning the identify was whether or not BrightSpring's stability sheet and leverage profile would enable the corporate to finish further mergers and acquisitions within the close to time period. The completion of the offers is due to this fact clear proof that the corporate can finance and shut the financing. worthwhile acquisitions that produce constructive earnings surprises. Lastly, with administration suggesting on their fourth quarter name that the acquisition pipeline is powerful, we imagine there stays vital alternative for BrightSpring to finish incremental offers this yr.”