BrightSpring Health initiated with a Sector Weight at KeyBanc

KeyBanc initiated coverage of BrightSpring Health with a Sector Weight rating as part of a broader research note launching coverage of Healthcare Services. The U.S. healthcare system requires significant efficiency gains and Healthcare Services will be at the epicenter of innovation, disruption, and opportunity, with near term proprietary hospital card data indicating that utilization remains strong in Q3 which represents a positive read for Hospitals and Post-Acute care, the analyst tells investors in a research note. The firm believes BrightSpring has “captured some of the cross-sell opportunity between its Pharmacy and Provider segments,” and sees a “significant long-term opportunity to provide pharmacy services to patients as they are discharged from customer SNF/IRFs.”