ismagilov
BrightSpring Health Services (BTSG) has filed for a proposed $100M initial public offering.
The healthcare services provider didn’t specify any terms in its SEC filing, but indicated in its filing fee schedule that it was interested in raising $100M, a number that is likely a placeholder and subject to change.
BrightSpring hopes to list its shares on Nasdaq under the symbol BTSG. Joint bookrunners include Goldman Sachs, KKR, Jefferies, Morgan Stanley, UBS, BofA Securities, Guggenheim Securities, Leerink Partners, Wells Fargo Securities, Deutsche Bank Securities, HSBC, Mizuho, BMO Capital Markets, and Loop Capital Markets.
Based in Kentucky, BrightSpring delivers pharmacy and healthcare provider services to complex patients in both the home and community settings, with a presence in all 50 states. KKR (KKR) and Walgreens (WBA) are major shareholders in the company.
BrightSpring has been operating in the red. For the nine-month period ended Sept. 30, the company reported a net loss of $150M on revenue of $6.45B.
