- Company is looking to raise as much as $960 million in IPO
- BrightSpring also plans to market some tangible equity units
BrightSpring Health Services Inc. is seeking to raise as much as $1.36 billion in an initial public offering and a sale of convertible securities, people familiar with the situation said.
The community-based health-care services provider backed by KKR & Co. plans to market 53.3 million shares for $15 to $18 each to raise about $960 million at the top end of that range, the people said, asking not to be identified because the information wasn’t public yet. BrightSpring could file its latest plans with the US Securities and Exchange Commission as soon as Wednesday and begin marketing the shares, the people said.
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