BrightSpring Health Services Inc

At the Jefferies conference BrightSpring Health Services presented a diversified growth model focused on specialty pharmacies, home health and hospice services. Management is targeting EBITDA growth of 15–20% over the next two years and expects operating cash flow of more than US$600 million for 2026 and roughly US$500 million of free cash flow (excluding the tax impact of the Community‑Living divestiture). Leverage could fall below 2.0x by year-end, creating room for acquisitions, share buybacks or dividends. Continued growth drivers include generic drug switches, exclusive medication partnerships, technology and AI deployments, and further consolidation opportunities in the home health market. » Mere på de.investing.com

BrightSpring presented at the Wells Fargo Healthcare Conference a markedly accelerated EBITDA growth in the pharmacy segment (near 40% in 2025, >40% in H1 2026) and about 20% organic EBITDA growth in the provider business, supported by the integration of Amedisys LHC. Management highlighted investments in automation, AI and M&A as well as reduced leverage (near 2x EBITDA), which creates room for further acquisitions. The company expects 2026 to see the largest headwinds from IRA drug-price negotiations (around $15 million EBITDA impact), with a much smaller effect in 2027, and sees long-term tailwinds from LDD contracts, generic switches and expansion in the infusion and services business. » Mere på de.investing.com

Shares of BrightSpring Health Services fell about 4.4% in after-hours trading after the announcement of a secondary placement of 15 million common shares by existing shareholders, including a subsidiary of Kohlberg Kravis Roberts and members of management. BrightSpring itself is not selling any shares and will not receive proceeds from the placement. At the same time, the company approved a share buyback of up to $60 million (up to 10% of the sold shares), to be executed concurrently with the placement; Goldman Sachs is acting as sole book-running manager. » Mere på de.investing.com

Certain selling shareholders of BrightSpring, including a subsidiary of Kohlberg Kravis Roberts & Co. L.P. and members of management, intend to offer 15,000,000 common shares in a secondary placement. BrightSpring itself is not selling any shares; the proceeds will go entirely to the selling shareholders. In parallel, the company approved a buyback of up to 10% of the sold shares or a maximum of $60.0 million at the same placement price; Goldman Sachs & Co. LLC is acting as sole bookrunner. » Mere på de.investing.com