KKR to Acquire BrightSpring Health Services for $1.7B

TL;DR

KKR buying BrightSpring for $1.7B, deal expected Q4 2024.

AI Summary

BrightSpring Health Services, Inc. announced on September 27, 2024, that it has entered into a definitive agreement to be acquired by entities affiliated with KKR & Co. Inc. The transaction is valued at approximately $1.7 billion, including the assumption of debt. This acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This significant acquisition by KKR highlights investor confidence in the home health care sector and could lead to strategic changes for BrightSpring's operations and service offerings.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, and potential regulatory reviews could impact the deal's completion or terms.

Key Numbers

• $1.7B — Transaction Value (Total value of the acquisition, including debt.)

Key Players & Entities

• BrightSpring Health Services, Inc. (company) — Company being acquired
• KKR & Co. Inc. (company) — Acquiring entity
• $1.7 billion (dollar_amount) — Total transaction value
• September 27, 2024 (date) — Date of definitive agreement
• fourth quarter of 2024 (date) — Expected closing period

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share BTSG The Nasdaq Stock Mar

Filing Documents

• btsg-20240927.htm (8-K) — 46KB
• btsg-ex99_1.htm (EX-99.1) — 12KB
• img106963839_0.jpg (GRAPHIC) — 15KB
• 0000950170-24-110168.txt ( ) — 225KB
• btsg-20240927.xsd (EX-101.SCH) — 44KB
• btsg-20240927_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. In connection with the appointment of Dr. Miller to the Board, the Company issued a press release on September 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference in this Item 7.01. The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated by specific reference in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of BrightSpring Health Services, Inc., dated September 30, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRIGHTSPRING HEALTH SERVICES, INC. Date: September 30, 2024 By: /s/ Jennifer Phipps Name: Jennifer Phipps Title: Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR