KKR, a leading global private equity firm, is the owner of BrightSpring Health Services, Inc., a company that provides home health care and community-based health care services. After the IPO, a fund affiliated with KKR and Walgreens Boots Alliance will still control BrightSpring Health Services. The company has a presence in all 50 states. (Incorporated in Delaware) 

We are a leading diversified independent provider of home and community-based healthcare services in the United States. Our complementary pharmacy and provider services more completely address the multiple needs of complex senior and specialty patients.

We serve over 400,000 patients daily through our approximately 10,000 clinical providers and pharmacists. Our services make a profound impact in the lives and communities of the people we serve.

We have built a significant presence and capability in delivering complementary and high-touch daily healthcare services and programs to complex patients in their homes and in communities in order to address their multiple health needs and requirements more completely. In pharmacy, we leverage our national infrastructure to provide daily medication therapy management to various customer and patient types wherever they reside in the community, including home and in-clinic infusion patients, oncology and other specialty patients in their homes, residents of independent and senior living communities, people receiving hospice care, neuro and Behavioral clients’ and patients’ homes, residents of skilled nursing and rehabilitation facilities, hospital patients, and the homes of Seniors who are on a significant number of medications. Within provider services, we address the clinical and supportive care needs of Senior and Specialty populations, including neuro and Behavioral patients, primarily in their homes, as well as some clinic and community settings. Our clinical services consist of home health and hospice and rehab therapy, and our supportive care services address activities of daily living and social determinants of health as well. We also provide home-based primary care for patients in senior living communities, long-term care, and individual homes to directly manage and optimize patient outcomes and to enable value-based care. By providing these complementary and necessary services for complex patients, our care model is designed to address multiple patient needs and better integrate health services delivery to improve quality and patient experiences, while reducing overall costs.

Patients who receive our provider services average six chronic conditions per patient, and we delivered approximately 20 million hours of quality and compassionate care in 2022 to home health, hospice, rehab, and home care patients and clients. Combined, our daily pharmacy and provider services are delivered from and to approximately 9,500 office, clinic, and customer locations across the country, with over 400,000 patients serviced at any one time, including over 250,000 patients served in their homes at any one time.

Note: Net loss and revenue figures are for the 12 months that ended Sept. 30, 2023.

(Note: BrightSpring Health Services, Inc. priced its IPO at $13.00 – $2.00 below the bottom of its $15.00-to-$18.00 range – on the full 53.33 million shares in the prospectus – to raise $693.33 million on Thursday night, Jan. 25, 2024, the company said in a statement. The home healthcare and group home company also priced 8.0 million Tangible Equity Units (mandatory convertible preferreds) at $50.00 each, in sync with the terms in the prospectus, and a 6.75 percent coupon, to raise $400 million, according to BrightSpring’s pricing announcement. The stock is expected to trade on NASDAQ under the proposed symbol “BTSG” and the 6.75 percent Tangible Equity Units are expected to trade on NASDAQ under the proposed symbol “BTSGU,” BrightSpring Health said in its pricing announcement. Both the stock and the units are expected to start trading Friday, Jan. 26, 2024, on the NASDAQ.)

(Background: BrightSpring Health Services, Inc., filed its S-1/A on Jan. 17, 2024, and disclosed terms for its IPO: 53.33 million shares (53,333,334 shares) at a price range of $15.00 to $18.00 to raise $879.95 million. The home healthcare and community healthcare services company launched its IPO on Jan. 17, 2024, and set the pricing date for the following week. BrightSpring Health Services, Inc. filed its S-1 on Jan. 2, 2024, without disclosing terms for its IPO. The Street estimates that this IPO could raise about $1 billion.)