BrightSpring Health Services Appoints Jennifer Phipps as New Finance Chief

BrightSpring Health Services, Inc. (NASDAQ: BTSG), a leading provider of home and community-based pharmacy and health services for complex populations, has announced the promotion of Jennifer Phipps to the role of Chief Financial Officer (CFO). Phipps succeeds Jim Mattingly, who will be stepping down from the position. This strategic appointment comes as BrightSpring continues to expand its services and solidify its position in the healthcare sector.



Jennifer Phipps brings a wealth of experience to her new role, having served in various leadership positions within BrightSpring for the past eight years. She currently holds the titles of Chief Accounting Officer, Principal Accounting Officer, Chief Financial Officer of the Home Health and Hospice segment, and Senior Vice President of Treasury, Risk, Tax, Real Estate, and Procurement. Phipps' extensive background in accounting, finance, and leadership has equipped her with the necessary skills to drive the Company's financial operations and support its mission to deliver high-quality and impactful community-based pharmacy and provider health solutions.

Phipps' appointment aligns with BrightSpring's mission to provide comprehensive and integrated care to complex populations. Her diverse experience in accounting, finance, and leadership roles at BrightSpring Health Services has prepared her for the CFO position by providing her with a strong foundation in financial management, strategic planning, process improvement, public company experience, and industry knowledge. These skills will be essential in her new role as she works to support the Company's mission and growing business needs.

In her new role, Phipps will prioritize several key areas to ensure a strong financial and operational foundation for BrightSpring:

1. Financial management and strategic planning: Phipps will oversee the financial operations of the company, ensuring that resources are allocated effectively to support the growth and success of BrightSpring's various service lines. She will work closely with the executive team to develop and implement strategic financial plans that align with the company's mission and objectives.
2. Process improvement and efficiency: Phipps has a proven track record of driving process improvements and enhancing efficiencies in accounting and finance functions. She will continue to identify opportunities for streamlining financial processes, optimizing controls, and leveraging technology to improve overall operational efficiency.
3. Risk management and compliance: As Senior Vice President of Treasury, Risk, Tax, Real Estate, and Procurement, Phipps has gained valuable experience in managing risks and ensuring compliance with relevant regulations. In her new role, she will continue to prioritize risk management and compliance to protect the company's financial health and reputation.
4. Supporting growth and expansion: BrightSpring is committed to expanding its home and community-based pharmacy and health services for complex populations. Phipps will play a crucial role in supporting this growth by ensuring that the company has the necessary financial resources and infrastructure in place to support its expanding service lines and geographic footprint.

Phipps' appointment as CFO is a testament to BrightSpring's commitment to fostering internal talent and ensuring a strong financial foundation for the company's continued growth and success. Her diverse experience and proven track record make her an ideal candidate to lead the Company's financial operations and support its mission to provide high-quality and impactful community-based pharmacy and provider health solutions to complex populations in need.