KKR-Backed BrightSpring Is Said to Revive IPO Seeking $1 Billion

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KKR-Backed BrightSpring Is Said to Revive IPO Seeking $1 Billion
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BrightSpring Health Services Inc., which withdrew its initial public offering plan last year, has confidentially refiled for a listing with a goal of raising $1 billion, according to people familiar with the matter.

A listing by the home and community-based health-care services provider backed by KKR & Co. is slated for the fourth quarter, said the people, who asked not to be identified because the information wasn’t public yet. BrightSpring has re-engaged Goldman Sachs Group Inc. and KKR’s own capital markets division as lead bookrunners for the offering, they said.

KKR and BrightSpring haven’t made a final decision on details and timing of a listing and their plans could still change, the people added. Representatives for KKR and Goldman Sachs declined to comment. A spokesperson for BrightSpring didn’t respond to requests for comment. BrightSpring, based in Louisville, Kentucky, now serves 350,000 senior and specialty patients daily in 50 states, according to its website.

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