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Jon B. Rousseau, Chairman, President, and CEO of BrightSpring Health Services, Inc. (NASDAQ:BTSG), a prominent player in the Healthcare Providers & Services industry with annual revenue of $11.9 billion, recently sold a significant portion of company stock, according to a recent filing. The transaction comes as InvestingPro data shows the stock has experienced a 10.4% decline over the past week, despite maintaining a remarkable 103% gain over the last year. On June 12, 2025, Rousseau sold 531,840 shares of BrightSpring common stock at a price of $21.75 per share, totaling approximately $11.57 million. This sale was part of a registered public offering.
The transaction also included the exercise of stock options, where Rousseau acquired 531,840 shares at a price of $6.37 per share, amounting to a total acquisition value of $3,387,820. Following these transactions, Rousseau holds 1,184,133 shares directly.
In addition to his direct holdings, Rousseau maintains indirect ownership through family trusts, although he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. The company currently trades at a P/E ratio of 88.6x, though InvestingPro analysis indicates it’s trading at a low revenue valuation multiple relative to peers.
In other recent news, BrightSpring Health Services reported a strong start to 2025 with a 26% year-over-year increase in total revenue, reaching $2.9 billion for the first quarter. Despite this robust revenue growth, the company’s earnings per share (EPS) of $0.19 slightly missed the forecasted $0.20. The Pharmacy Solutions segment was a major contributor, generating $2.5 billion in revenue, a 28% increase from the previous year. In related developments, Mizuho (NYSE:MFG) Securities raised its price target for BrightSpring Health to $26, maintaining an Outperform rating, citing the company’s strong performance and strategic positioning.
Additionally, BrightSpring announced that certain stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., plan to sell 14 million shares in a secondary offering. The company will not receive any proceeds from this transaction. Meanwhile, the results of BrightSpring’s annual meeting confirmed the election of two Class I directors and the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year. These moves align with the company’s strategic initiatives and governance practices.
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