BUZZ-BrightSpring Health drops as KKR, management to sell shares

KKR & Co
BrightSpring Health Services, Inc.
Goldman Sachs Group, Inc.

KKR & Co

KKR

0.00

BrightSpring Health Services, Inc.

BTSG

0.00

Goldman Sachs Group, Inc.

GS

0.00

** BrightSpring Health Services' BTSG.O shares down 3.5% post-market to $58.77 after secondary offering news

** Home healthcare and hospice provider says certain stockholders, including affiliate of KKR KKR.N and members of management to offload 15 mln shares

** Also, BTSG to concurrently repurchase from the underwriter a number of offering shares up to the lesser of 10% of the deal or $60 mln worth

** Goldman Sachs sole bookrunner

** Louisville, Kentucky-based BTSG has ~193.9 mln shares outstanding

** Buyout firm KKR and CEO Jon Rousseau offloaded shares in Mar secondary offering priced at $41.15

** BTSG shares closed up 2.6% at $60.88 on Weds, up ~63% YTD

** All 16 analysts are bullish on the stock including 6 "strong buy" ratings; median PT $63, per LSEG data


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.