Home Health Care News November 28, 2022
BrightSpring Health Services – a large home- and community-based services provider – is not going through with its planned IPO, according to an S-1 filing.
Backed by the PE firm KKR and Walgreens Boots Alliance (Nasdaq: WBA), the company had initially filed the paperwork for an IPO that was expected to raise close to $800 million in October of 2021.
Over a year later, it has decided to reverse course.
“The Registrant has determined not to proceed with the proposed initial public offering of the securities contemplated by the Registration Statement at this time,” BrightSpring wrote in its filing. “Because the proposed offering will not occur, the Registrant believes that the withdrawal of the Registration Statement is consistent with the...
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