BrightSpring prices secondary offering of 15 million shares by stockholders

BrightSpring Health Services, Inc. (NASDAQ: BTSG) announced the pricing of a secondary offering by certain stockholders of 15 million shares of common stock. The selling stockholders include an affiliate of Kohlberg Kravis Roberts & Co. L.P. and certain members of management.

BrightSpring will not sell any shares in the offering and will not receive proceeds from the transaction. The offering is expected to close on October 22, 2025, subject to customary closing conditions.

The company has authorized a concurrent share repurchase of 1.5 million shares from the underwriter at the same price paid to the selling stockholders. BrightSpring will purchase these shares from the 15 million shares being sold in the secondary offering. The underwriter will not receive fees for the shares being repurchased by the company.

The share repurchase closing is conditioned on the completion of the offering and is expected to occur simultaneously. The offering is not conditioned on the completion of the share repurchase.

BofA Securities is serving as the sole book-running manager for the offering. The underwriter plans to offer the shares on the Nasdaq Global Market, in the over-the-counter market, or through negotiated transactions at prevailing market prices or negotiated prices.

A shelf registration statement on Form S-3 relating to these securities was filed with the Securities and Exchange Commission on June 10, 2025, and became automatically effective upon filing.

BrightSpring provides home and community-based health services for complex populations.

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