** BrightSpring Health Services' BTSG.O shares down 2.5% before the bell at $40.55 after pricing of $823 mln secondary offering

** Home healthcare and hospice provider late Mon announced affiliate of KKR KKR.N and members of management offloaded 20 mln shares at $41.15

** Offering price is 1% discount to stock's last close

** Also, BTSG to concurrently repurchase ~1.46 mln of offering shares

** Private equity firm KKR sold ~19.7 mln shares, and including the repurchase, cuts its stake to 21.9%, while CEO Jon Rousseau parted with 220,000 shares, per the prospectus

** Louisville, Kentucky-based BTSG has ~193.5 mln shares outstanding

** Goldman Sachs sole bookrunner for offering

** Through Mon, shares up 11% YTD and up 115% over the past 12 months. Stock hit record intraday high of $44.87 on Fri

** All 16 analysts are bullish including 6 "strong buy" ratings; median PT of $50 up from $45 a month ago, per LSEG data