Izmagilov
BrightSpring Health Services (BTSG) has filed for a proposed $100 million initial public offering.
The healthcare provider did not disclose terms in its filing with the SEC, but said in the filing's fee schedule that it was interested in raising $100 million, a figure that is inaccurate is probably a placeholder and can be changed.
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 provides pharmacy and healthcare services to complex patients in both the home and community settings and has a presence in all 50 states. KKR (KKR) and Walgreens (WBA) are major shareholders in the company.
BrightSpring is in the red. For the nine-month period ended Sept. 30, the company reported a net loss of $150 million on revenue of $6.45 billion.
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