Healthcare Services Provider BrightSpring Health Sets Terms for $880M IPO

BrightSpring Health Services, which provides home and community-based healthcare services, announced terms for its IPO on Wednesday. The Louisville, KY-based company plans to raise $880 million by offering 53.3 million shares at a price range of $15 to $18. Concurrent with the IPO, the company is also planning to raise $400 million by offering 8 million tangible equity units at $50 per unit, with each unit containing a prepaid stock purchase contract and a senior amortizing note due February 1, 2027. At the midpoint of the proposed range, BrightSpring Health Services would command a fully diluted market value of over $3 billion.

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Source: https://www.renaissancecapital.com/IPO-Center/News/102795/Healthcare-services-provider-BrightSpring-Health-sets-terms-for-$880-millio

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