BrightSpring prices 15 million share secondary offering at $58.75

BrightSpring Health Services (NASDAQ: BTSG) announced the pricing of a secondary offering by certain stockholders of 15 million shares at $58.75 per share. The offering is expected to close on June 5, 2026, subject to customary closing conditions.

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 company authorized a concurrent share repurchase of 1,026,694 shares from the underwriter at the same price paid to selling stockholders. The repurchase is contingent on completion of the offering and will occur simultaneously with the offering's closing. The underwriter will not receive fees for the repurchased shares.

Goldman Sachs & Co. LLC serves as the sole book-running manager for the offering. The transaction is being conducted under a shelf registration statement filed with the Securities and Exchange Commission on June 10, 2025.

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

You May Also Be Interested In

• Forbright completes $142.2 million IPO on Nasdaq
• BIG3 Basketball to go public via Graf Global merger at $290 million
• Park Ha Biological prices $2 million registered direct offering