BrightSpring Health acquires Haven Hospice assets for $30M in stock

BrightSpring Health Services, Inc.

Abode Hospice of Florida, a BTSG subsidiary, signs asset purchase agreement to acquire Haven Hospice (NCF Hospice) and Haven Medical Group.
Partial consideration: $30M in BTSG common stock, with share count based on 15-day VWAP before closing.
Closing expected in Q3 2024, subject to customary conditions; Sellers restricted from trading for 180 days, with volume limits for 4 years.
Post-closing adjustment: additional shares/cash at 2nd, 3rd, 4th anniversaries if net losses exceed gains; final clawback to Buyer for net gains.
Stock issuance exempt from registration under Section 4(a)(2) as a private placement to accredited investors.

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