** Shares of BrightSpring Health Services BTSG.O down 1.7% premarket at $29.96 after $435 mln overnight secondary offering priced

** Home healthcare and hospice provider late Mon said certain holders including affiliates of KKR KKR.N and members of management parted ways with 15 mln shares

** Offering priced at $29, per thefly.com reports, which is 4.8% discount to stock's last close of $30.47

** In addition, BTSG to concurrently repurchase 1.5 mln of the offering's shares from the underwriter

** Private equity firm KKR offloaded ~14.7 mln shares, and including the repurchase, reduces its stake to ~34.7%, while CEO Jon Rousseau sold 235,000 shares, per the prospectus

** Louisville, Kentucky-based BTSG had ~181 mln shares outstanding as of Oct 17, per the filing

** BofA is sole bookrunner for offering

** BTSG late Mon reported preliminary Q3 results and boosted annual rev guidance to $12.4-$12.7 bln, up from prior outlook of $12.2-$12.6 bln

** BTSG shares were added to S&P SmallCap 600 index .SPCY before the bell on Mon

** Through Mon, stock up 79% in 2025

** 11 of 12 analysts rate stock "strong buy" or "buy", 1 rates "hold" and median PT is $31.50, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))