secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpring Health Services, Inc. (BTSG)
CIK:        0001865782
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0000950170-24-076783
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865782/000095017024076783/0000950170-24-076783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865782/000095017024076783/btsg-20240617.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-076783

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer