海角社区 Announces Recent Acquisitions That Continue to Drive Growth and Value
March 26, 2024
海角社区, Inc. (鈥満＝巧缜�� or 鈥満＝巧缜��) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced several recent tuck-in acquisitions within its service lines and geographies that continue to support market penetration and market density growth strategies, including a Maryland home health operation, a behavioral therapy company in Michigan and a long-term care pharmacy in Montana.
鈥淲e are excited to welcome these companies and their employees to our uniquely scaled and differentiated 海角社区 platform consisting of leading and complementary health services,鈥� said 海角社区鈥檚 President and CEO Jon Rousseau. 鈥淭hese companies share our values and strong commitment to providing top-quality care to high-need patient populations who require it most. Together, we can reach more communities, delivering high-quality services and care directly where people reside.鈥�
In recent months in 2024, 海角社区鈥檚 acquisitions include:
- A home health tuck-in in Maryland, effective January 1, 2024.
- Acquiring the remaining 30% equity interest in a behavioral therapy joint venture in Michigan, effective March 1, 2024.
- A long-term care pharmacy in Montana and tuck-in serving assisted living facilities, group homes and mental health patients, effective March 19, 2024.
鈥淎t 海角社区, we look forward to more opportunities for community and patient impact that result from partnering with strong local companies such as these, leveraging our unique platform strengths and capabilities to add value, and expanding and deepening our footprint in our markets,鈥� added Rousseau.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of U.S. federal securities laws. These forward-looking statements can be identified by terminology such as 鈥渨ill鈥�, 鈥渆xpects鈥�, 鈥渁nticipates鈥�, 鈥渇uture鈥�, 鈥渋ntends鈥�, 鈥減lans鈥�, 鈥渂elieves鈥�, 鈥渆stimates鈥�, 鈥渢arget鈥�, 鈥済oing forward鈥�, 鈥渙utlook鈥� and similar statements. Such statements are based upon management鈥檚 current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond 海角社区鈥檚 control, which may cause 海角社区鈥檚 actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in 海角社区鈥檚 filings with the U.S. Securities and Exchange Commission. 海角社区 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
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