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Exciting News from BrightSpring Health Services

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.

This exciting development marks a new chapter for BrightSpring Health Services as it continues to expand its reach and enhance its offerings for those in need of home and community-based health services. The partnership with KKR and the investment from Walgreen Co. will provide additional resources and support to help BrightSpring further its mission of delivering high-quality care to individuals with complex health needs.

With this transaction, BrightSpring is poised to strengthen its position in the healthcare industry and drive innovation in the delivery of care to vulnerable populations. The company remains committed to providing compassionate and comprehensive services to improve the lives of those it serves.

How This News Will Affect You

As a recipient of home or community-based health services from BrightSpring, you can expect to see enhanced support and resources as a result of this investment. The partnership with KKR and the involvement of Walgreen Co. will enable BrightSpring to expand its offerings and deliver even better care to those in need.

How This News Will Affect the World

The investment from KKR and Walgreen Co. in BrightSpring Health Services signifies a growing focus on improving healthcare services for complex populations. This partnership has the potential to drive positive change in the healthcare industry and set new standards for providing high-quality care to vulnerable individuals worldwide.

Conclusion

In conclusion, the agreement between KKR, Walgreen Co., and BrightSpring Health Services represents a significant milestone in the company’s journey to enhance its offerings and reach more individuals in need of home and community-based health services. This exciting development will not only benefit current recipients of care from BrightSpring but also has the potential to impact the healthcare industry as a whole, driving innovation and improving outcomes for vulnerable populations.