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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, January 26, 2024

BrightSpring Health Services IPO Valuation

 


BrightSpring Health Services, Inc, the community based healthcare services provide staged an IPO yesterday.

The IPO valued BrightSpring Health Services at 2.2 billion USD. The company is backed by KKR, the private equity giant, which bought BrightSpring Health Services for 1.32 billion in 2019.

BrightSpring is undervalued, according to Wolfteam Ltd.'s estimates and projections.

Here is an excerpt from a Morningstar write up on the BrightSpring Health Services IPO:

'BrightSpring reported a net loss of $149.63 million and revenue of $6.45 billion in the nine months ended Sept. 30, versus net income of $2.46 million and revenue of $5.75 billion in the year-ago period.

BrightSpring withdrew its IPO on November 23, 2022 after an earlier IPO filing in October of 2021.

The company is backed by private-equity firm KKR & Co. Inc. (KKR) as well as drug-store giant Walgreen Boost Alliance Inc. (WBA), according to its IPO prospectus.

KKR owns 69% of the company and Walgreen has about 34.9%.

The two shareholders will continue to own about 67.9% of the company after it goes public.

The company traces its roots back to 1974. In 2017, it was incorporated as Phoenix Parent Holdings Inc. as part of an acquisition of PharMerica Corp. in 2017 by Walgreen and KKR. In 2021, the company changed its name to BrightSpring Health Services.

The IPO comes after the successful liftoff of Smith Douglas Homes Corp. (SDHC) on Jan. 11 at a price of $21 a share. The stock closed at $23.94 on Wednesday, down 0.9%'

BrightSpring Health Services' intrinsic worth is 8.2 billion USD, compared to BrightSpring Health Services's IPO valuation of 2.2, according to Wolfteam Ltd.'s estimates.

 

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