BrightSpring Health Services Inc, a community-based healthcare services provider backed by global private investment firm KKR & Co, is moving ahead with plans to raise $1bn from a stock market listing, having shelved its initial IPO last year, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as confirming that BrightSpring has confidentially refiled for a listing, which is slated for the “fourth quarter”. The company has re-engaged Goldman Sachs Group and its own in-house capital markets division as lead bookrunners for the offering.
A final decision on the details and timing of the listing have yet to be made and the plan could still change, according to Bloomberg’s sources.
KKR bought BrightSpring in 2019 and merged it with PharMerica Corp to create a diversified health-care platform with comprehensive care capabilities across clinical, pharmacy and non-clinical support services.
