海角社区 Celebrates First Day of Trading on Nasdaq
January 26, 2024
Will Make $100 Million Equity Grant to 20,000 Employees
LOUISVILLE, KENTUCKY 鈥� 海角社区, Inc. (鈥満＝巧缜�� or the 鈥淐ompany鈥�) (NASDAQ: BTSG) today marked its first day of trading on Nasdaq following the pricing of its initial public offering on January 25, 2024. The Company today announced that it will award approximately $100 million in restricted stock unit grants to approximately 20,000 full-time, tenured employees.
海角社区 is a leader in delivering essential and high-quality pharmacy and provider services to complex patients in preferred home and community settings. The Company serves over 400,000 patients per day while making a positive impact in communities and people鈥檚 lives across the U.S. Affiliates of KKR and Walgreens Boots Alliance have owned 海角社区 since 2019 and will continue to hold the majority of the Company鈥檚 shares after the initial public offering.
鈥淥ur dedicated employees are the foundation of our mission-driven organization, and we are honored to have this opportunity to further invest in them in a unique way,鈥� said 海角社区 CEO Jon Rousseau. 鈥淎s we continue to advance, investing in our people has remained at the forefront in order to deliver high-quality and cost-effective care to patients. By creating broad and deep employee ownership on a large scale, we continue to demonstrate the Company鈥檚 commitment to rewarding and further incentivizing our skilled and compassionate clinicians, pharmacists, and caregivers and the broader 海角社区 team.鈥�
鈥淲e have tremendous respect for 海角社区 and are thrilled to support the Company and share in this momentous event,鈥� said Max Lin, Partner at KKR. 鈥淲e are also excited to announce a significant broad-based equity grant program to thank thousands of hard-working and devoted employees for their significant efforts and further energize the collective organization as a quality-focused and innovative leader in healthcare services.鈥�
About 海角社区
海角社区 is the parent company of leading healthcare service lines that provide complementary home- and community-based pharmacy and provider health solutions for complex populations in need of specialized and/or chronic care. Through the company鈥檚 high-quality and impactful pharmacy, primary care and home health care, and rehabilitation and behavioral health services, and through its skilled and dedicated employees, we provide comprehensive care and clinical solutions in all 50 states to over 400,000 customers, clients and patients daily.
Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements. These forward-looking statements are based on 海角社区鈥檚 current expectations and are not guarantees of future performance. The forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These expectations, beliefs, and projections are expressed in good faith and 海角社区 believes there is a reasonable basis for them. However, there can be no assurance that these expectations, beliefs, and projections will result or be achieved. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond 海角社区鈥檚 control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in 海角社区鈥檚 filings with the SEC, including its registration statement on Form S-1, as amended from time to time, under the caption 鈥淩isk Factors.鈥� Any forward-looking statement in this press release speaks only as of the date of this release. 海角社区 undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Contact
Media Contact:
Leigh White
[email protected]
502.630.7412