BrightSpring stockholders plan 20 million share offering

BrightSpring Health Services, Inc. (NASDAQ: BTSG) announced that certain stockholders plan to sell 20 million shares of common stock in a secondary offering. The selling stockholders include an affiliate of Kohlberg Kravis Roberts & Co. L.P. and certain members of management.

The company will not sell any shares in the offering and will not receive proceeds from the sale. All proceeds will go to the selling stockholders.

BrightSpring has authorized a concurrent share repurchase from the underwriter of up to $60 million worth of shares or 10% of the shares sold in the offering, whichever is less. The company will purchase these shares at the same price the underwriter pays to the selling stockholders. The underwriter will not receive fees for shares repurchased by the company.

The share repurchase is contingent on completion of the offering and is expected to close simultaneously. The offering does not depend on completion of the share repurchase.

Goldman Sachs & Co. LLC serves as the sole book-running manager for the proposed offering.

The company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission on June 10, 2025, which became automatically effective upon filing.

BrightSpring provides home and community-based health services for complex populations. The information is based on a company press release statement.

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