SCHEDULE 13G/A: FMR LLC and Abigail Johnson Maintain Significant 12.9% Stake in BrightSpring Health Services
Beneficial Ownership Disclosure
FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a combined beneficial ownership of 12.9% of BrightSpring Health Services Inc.'s common stock as of December 31, 2024, as detailed in an amended Schedule 13G filing.
Summary
- FMR LLC and Abigail P. Johnson are the reporting persons in this Schedule 13G Amendment No. 1 filing concerning BrightSpring Health Services Inc.
- As of December 31, 2024, the reporting persons beneficially own an aggregate of 22,454,369.91 shares of BrightSpring Health Services Inc. common stock.
- This beneficial ownership represents 12.9% of the total outstanding common stock of BrightSpring Health Services Inc.
- FMR LLC holds sole voting power over 22,452,733.75 shares and sole dispositive power over 22,454,369.91 shares.
- Abigail P. Johnson holds sole dispositive power over 22,454,369.91 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual reporting person.
- Subsidiaries of FMR LLC, including Fidelity Management & Research Company LLC, FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
- Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and through the Johnson family's predominant ownership and voting agreement of FMR LLC's Series B voting common shares, is deemed to form a controlling group with respect to FMR LLC.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing disclosing beneficial ownership, providing no specific positive or negative sentiment regarding the company's operational performance or future prospects. It is a factual update on an existing significant stake.
Risks
- The filing explicitly certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of BrightSpring Health Services Inc., nor in connection with any transaction having such purpose or effect, mitigating potential activist investor concerns.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding BrightSpring Health Services Inc.'s future performance or strategic direction.
Management Comments
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing is a routine disclosure of significant institutional ownership in a publicly traded company within the healthcare services sector. Large institutional holdings like FMR LLC's are common for established public companies, reflecting investor confidence or portfolio allocation strategies.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment intent.
- Investors: Informs the market about the continued substantial ownership by FMR LLC and its affiliates, which can be a signal of long-term institutional interest.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-000003) where FMR LLC's Power of Attorney was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 12/31/2024 | Date of event which requires the filing of this statement (reporting period end date). |
| 02/11/2025 | Date of signing of this Schedule 13G Amendment No. 1. |
Keywords
BrightSpring Health Services, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional ownership, healthcare services, SEC filing
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