BrightSpring stockholders plan 15 million share secondary offering

BrightSpring Health Services Inc. (NASDAQ: BTSG) announced that certain stockholders plan to sell 15 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.

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

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

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

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

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

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