Home Health Care News September 16, 2024
The investment firm KKR & Co. Inc. (NYSE: KKR) announced Friday that it had entered an agreement to acquire 11,619,998 shares of BrightSpring Health Services (Nasdaq: BTSG) stock from Walgreens Boots Alliance (Nasdaq: WBA).
KKR is an existing backer of BrightSpring, which had a share price of $13.85 as of market close on Friday.
Based in Louisville, BrightSpring provides home- and community-based pharmacy and health care services for complex populations. It offers home care, home health care and home-based primary care, and has a presence in all 50 states.
The company went public earlier this year.
In 2019, KKR and an affiliate of Walgreens Boots Alliance bought BrightSpring for $1.32 billion. Now, Walgreens is exiting that investment, while KKR is...
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