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BrightSpring Health Services (BTSG) investor relations material
BrightSpring Health Services UBS Global Healthcare Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Performance and operational highlights
Achieved broad-based growth across pharmacy and provider businesses, driven by volume and efficiency initiatives.
Consistent execution of cost, automation, and IT investments supported operational improvements.
Maintained a historical CAGR of 15%, with recent years reaching around 20%.
Focused on building scale, leveraging technology, and pursuing accretive tuck-in M&A.
Continued investment in HR and infrastructure to support long-term high-growth platform.
Strategic outlook and growth plans
Expecting continued consistency and momentum into next year, especially in pharmacy and provider segments.
Targeting mid-teens CAGR as a base case, with potential to reach 20% depending on scale.
Ongoing cost and automation projects to carry over into next year, enhancing efficiency.
Improved balance sheet and cash flow provide more flexibility for acquisitions.
Community Living divestiture expected to close in Q1, potentially reducing leverage to 2.5x.
M&A and financial position
Amedisys acquisition expected to close in Q4 with high confidence.
Over 73 acquisitions in five years, with most showing EBITDA growth post-integration.
Operating cash flow projected north of $375 million this year, with free cash flow before debt paydown at $250–$300 million.
M&A activity expected to remain at $75–$100 million annually, focusing on accretive deals.
KKR remains a supportive partner, with future share transactions considered case by case.
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