BrightSpring Announces Secondary Offering of Common Stock

Company to repurchase up to 10% of shares sold in offering

Published on Mar. 2, 2026

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BrightSpring Health Services, Inc. announced that certain of its stockholders, including an affiliate of Kohlberg Kravis Roberts & Co. L.P. and certain members of management, intend to offer for sale in a secondary offering an aggregate of 20,000,000 shares of common stock. The company will also concurrently purchase from the underwriter a number of shares having an aggregate purchase price of up to the lesser of 10% of the shares sold in the offering or $60.0 million.

Why it matters

This secondary offering will allow some of BrightSpring's major shareholders to sell a portion of their stake in the company, while BrightSpring will use the concurrent share repurchase to potentially increase its ownership and control.

The details

The secondary offering will be led by Goldman Sachs & Co. LLC as the sole book-running manager. BrightSpring will not receive any proceeds from the sale of shares by the Selling Stockholders. The share repurchase is conditioned on and expected to occur simultaneously with the closing of the secondary offering.

  • The shelf registration statement was filed on June 10, 2025.
  • The secondary offering and concurrent share repurchase are expected to close in the coming weeks.

The players

BrightSpring Health Services, Inc.

A leading provider of home and community-based health services for complex populations.

Kohlberg Kravis Roberts & Co. L.P.

An affiliate of this private equity firm is among the Selling Stockholders in the secondary offering.

Goldman Sachs & Co. LLC

The sole book-running manager for the proposed secondary offering.

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What’s next

The closing of the share repurchase is conditioned on, and expected to occur simultaneously with, the closing of the offering.

The takeaway

This secondary offering and concurrent share repurchase allow BrightSpring to raise capital from existing shareholders while also potentially increasing its ownership stake, signaling confidence in the company's future growth prospects.