SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain Significant 15% Stake in Brightspring Health Services

FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a continued beneficial ownership of 15.0% of Brightspring Health Services Inc.'s common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 26,290,188.94 shares of Brightspring Health Services Inc. common stock.
• This ownership represents 15.0% of the total outstanding common stock of Brightspring Health Services Inc.
• FMR LLC holds sole voting power over 26,288,420.75 shares and sole dispositive power over 26,290,188.94 shares.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported ownership stake.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Abigail P. Johnson, as Director, Chairman, and Chief Executive Officer of FMR LLC, is deemed to beneficially own the same shares as FMR LLC due to her role and the Johnson family's controlling interest in FMR LLC.
• The filing was made under Rule 13d-1(b), which applies to institutional investors like FMR LLC and its subsidiaries (e.g., FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Strategic Advisers LLC).

Sentiment

Score: 6

Explanation: The document reports a continued significant beneficial ownership stake by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, in Brightspring Health Services Inc. This indicates sustained confidence from a large financial entity, which is generally a positive signal for the company's stability and long-term prospects. However, as a routine ownership disclosure, it does not contain new operational or financial performance data to significantly shift sentiment.

Positives

• A major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintain a significant 15.0% stake in Brightspring Health Services Inc., indicating continued confidence in the company.
• The holding is stated to be in the ordinary course of business, not for control purposes, suggesting a long-term investment perspective from a prominent financial entity.

Negatives

• The document does not contain any explicitly negative information regarding Brightspring Health Services Inc.

Risks

• The document does not detail specific operational or financial risks related to Brightspring Health Services Inc. It primarily focuses on the beneficial ownership structure and certifies that the securities were not acquired for the purpose of changing or influencing control of the issuer.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Brightspring Health Services Inc.'s future performance, operations, or strategic direction. It is solely a disclosure of current beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing reflects a significant institutional investment in the healthcare services sector, a segment often characterized by stable demand and potential for growth driven by demographic shifts. Large, passive stakes by firms like FMR LLC are common in industries where long-term value appreciation is sought, indicating a belief in the sector's underlying fundamentals.

Related Party Transactions

• The document clarifies the relationship between FMR LLC and Abigail P. Johnson, stating that Johnson family members, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power).
• Through their ownership and a shareholders' voting agreement, members of the Johnson family may be deemed to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.

Stakeholder Impact

• Shareholders: The continued significant stake by a major institutional investor like FMR LLC may be viewed positively, potentially signaling stability and long-term investment interest, which could reassure existing shareholders.

Key Dates

Keywords

Brightspring Health Services Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investment, Common Stock, Healthcare Services, SEC Filing