BrightSpring Health slips as KKR to carve stake
20/10/2025 21:52
** Shares of BrightSpring Health Services BTSG.O down 5.2% post-market to $28.90 after secondary offering news ** Home healthcare and hospice provider says certain holders including affiliates of KKR KKR.N and members of management to part ways with 15 mln shares ** In addition, co to concurrently repurchase from the underwriter a number of shares with aggregate purchase price of up to the lesser of 10% or $50 mln worth of the offering ** BofA is sole bookrunner for offering ** Private equity firm KKR owns ~77.1 mln BTSG shares, about 43.5% of the ~177.15 mln shares outstanding ** BTSG also reports preliminary Q3 results and boosts annual rev guidance to $12.4-$12.7 bln, up from prior outlook of $12.2-$12.6 bln ** BTSG shares on Mon ended up 2.5% at $30.47. Stock was added to S&P SmallCap 600 index .SPCY before the bell today ** YTD, stock up 79% ** 12 of 13 analysts rate stock "strong buy" or "buy", 1 rates "hold" and median PT is $31.50, per LSEG data (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))