BrightSpring Health Services
BTSG
Market cap $2.73B

15.91 USD

+0.05

0.32%

At close Oct 17, 4:00 PM EDT

After hours

15.91

+0.00

0.00%

1 day

0.32%

5 days

5.71%

1 month

8.67%

3 months

34.26%

6 months

54.92%

Year to date

44.64%

1 year

44.64%

5 years

44.64%

About: BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations. Its segments include Pharmacy Solutions, Provider Service. and others. It generates the majority of its revenue from the Pharmacy Solutions segment.

Employees: 35,000

Healthcare Home Health Care Services

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

160% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 15

58% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 19

13% more funds holding

Funds holding: 85 [Q1] → 96 (+11) [Q2]

8% more capital invested

Capital invested by funds: $2.06B [Q1] → $2.23B (+$165M) [Q2]

3.88% more ownership

Funds ownership: 110.47% [Q1] → 114.35% (+3.88%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

54% less call options, than puts

Call options by funds: $22K | Put options by funds: $48K

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$18

13%

upside

Avg. target

$18.67

17%

upside

High target

$20

26%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

BTIG David Larsen 36% 1-year accuracy 4 / 11 met price target	26%upside $20	Buy Maintained	3 Oct 2024
Guggenheim	13%upside $18	Buy Maintained	1 Oct 2024
Goldman Sachs Jamie Perse 82% 1-year accuracy 9 / 11 met price target	13%upside $18	Buy Maintained	9 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about BTSG published over the past 30 days

Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years

Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023. European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.

Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years

FMR LLC's Strategic Acquisition in BrightSpring Health Services Inc

On September 30, 2024, FMR LLC (Trades, Portfolio) made a significant addition to its investment portfolio by acquiring 18,498,153 shares of BrightSpring Health Services Inc (BTSG, Financial). This transaction, executed at a price of $14.68 per share, reflects a strategic move by the firm, aligning with its broader investment objectives.

FMR LLC's Strategic Acquisition in BrightSpring Health Services Inc

BrightSpring Health Services, Inc. to Announce Third Quarter 2024 Financial Results on November 1, 2024

LOUISVILLE, Ky., Oct. 01, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG) announced today that it plans to release its third quarter 2024 financial results on Friday, November 1, 2024, prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day.

BrightSpring Health Services, Inc. to Announce Third Quarter 2024 Financial Results on November 1, 2024

BrightSpring Health Services, Inc. Welcomes Dr. Steve Miller to Board of Directors

LOUISVILLE, Ky., Sept. 30, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or “the Company”) (NASDAQ: BTSG), a leading provider of home- and community-based health services for complex populations, today announced that Dr. Steve Miller was appointed as a Class II member of the Board of Directors. Dr. Miller will also serve as a member of the Board's Audit Committee and as the chair of the Board's Quality & Compliance and Governance Committee.

BrightSpring Health Services, Inc. Welcomes Dr. Steve Miller to Board of Directors

Levi & Korsinsky Investigates Possible Securities Fraud Violations by BrightSpring Health Services, Inc. (BTSG)

NEW YORK, NY / ACCESSWIRE / September 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of BrightSpring Health Services, Inc. ("BrightSpring Health Services, Inc.") (NASDAQ:BTSG) concerning possible violations of federal securities laws. BrightSpring conducted its initial public offering ("IPO") of 53,333,334 shares of common stock priced at $13.00 per share on or around January 25, 2024.

Levi & Korsinsky Investigates Possible Securities Fraud Violations by BrightSpring Health Services, Inc. (BTSG)

Levi & Korsinsky Announces an Investigation on Behalf of BrightSpring Health Services, Inc. (BTSG) Shareholders Who May Have Been Affected by Fraud

NEW YORK, NY / ACCESSWIRE / September 17, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of BrightSpring Health Services, Inc. ("BrightSpring Health Services, Inc.") (NASDAQ:BTSG) concerning possible violations of federal securities laws. BrightSpring conducted its initial public offering ("IPO") of 53,333,334 shares of common stock priced at $13.00 per share on or around January 25, 2024.

Levi & Korsinsky Announces an Investigation on Behalf of BrightSpring Health Services, Inc. (BTSG) Shareholders Who May Have Been Affected by Fraud

BTSG ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by BrightSpring Health Services, Inc.

NEW YORK, NY / ACCESSWIRE / September 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of BrightSpring Health Services, Inc. ("BrightSpring Health Services, Inc.") (NASDAQ:BTSG) concerning possible violations of federal securities laws. BrightSpring conducted its initial public offering ("IPO") of 53,333,334 shares of common stock priced at $13.00 per share on or around January 25, 2024.

BTSG ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by BrightSpring Health Services, Inc.

KKR to Purchase of 11,619,998 Shares of BrightSpring Health Services Common Stock from Walgreens Boots Alliance

LOUISVILLE, Ky., Sept. 13, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced that investment funds managed by KKR & Co. Inc. and its subsidiaries (“KKR”), an existing shareholder of BrightSpring, have entered into an agreement with Walgreen Co. (“WBA”) to purchase 11,619,998 shares of BrightSpring's common stock from WBA in a private transaction. The transaction was negotiated directly between KKR and WBA, with KKR making the investment through its private equity funds. BrightSpring is not issuing or selling any shares of common stock in connection with the transaction, which is expected to close on or about September 16, 2024.

KKR to Purchase of 11,619,998 Shares of BrightSpring Health Services Common Stock from Walgreens Boots Alliance

BrightSpring Health Services, Inc. (BTSG) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

NEW YORK, NY / ACCESSWIRE / September 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of BrightSpring Health Services, Inc. ("BrightSpring Health Services, Inc.") (NASDAQ:BTSG) concerning possible violations of federal securities laws. BrightSpring conducted its initial public offering ("IPO") of 53,333,334 shares of common stock priced at $13.00 per share on or around January 25, 2024.

BrightSpring Health Services, Inc. (BTSG) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

HAVEN HOSPICE ACQUIRED BY BRIGHTSPRING HEALTH SERVICES

PITTSBURGH , Sept. 12, 2024 /PRNewswire/ -- North Central Florida Hospice, Inc. and Haven Medical Group, LLC (collectively "Haven Hospice"), a Florida-based company for comprehensive hospice care services in 18 counties in north central Florida completed its sale of select assets to BrightSpring Health Services (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, effective September 1, 2024.

HAVEN HOSPICE ACQUIRED BY BRIGHTSPRING HEALTH SERVICES

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