Business
Option Care Health Announces Preliminary Financial Results for the Fourth Quarter and Fiscal Year and Schedules Fourth Quarter Earnings Call
BANNOCKBURN, Ill., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Option Care Health Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH), the nation’s largest
About this update from Option Care Health, Inc.
[{"type":"text","content":"BANNOCKBURN, Ill., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Option Care Health Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH), the nation’s largest independent national provider of home and alternate site infusion services, announced today preliminary financial results for the fourth quarter and fiscal year ended December 31, 2020. For the fourth quarter, Option Care Health expects to report: Net revenue of approximately $800 million to $805 million, representing approximately 11% growth over the prior year fourth quarterNet income of approximately $16.0 million to $18.0 millionAdjusted EBITDA of approximately $66.0 million to $68.0 million, representing approximately 25% to 28% growth over the prior year fourth quarter For the fiscal year, Option Care Health expects to report: Net revenue of approximately $3,027.9 million to $3,032.9 millionNet loss of approximately $9.9 million to $7.9 millionAdjusted EBITDA of approximately $220.0 million to $222.0 million Conference Call Details The Company will release its fourth quarter results in their entirety on Thursday, March 11, 2021 before the market opens. In conjunction, the management team will host a conference call to review the results at 8:30 a.m. E.T. on the same day. The conference call can be accessed by dialing (866) 360-3136 for U.S. participants or (602) 563-8603 for international participants, and referencing conference ID 1899337; or via a live audio webcast that will be available online at investors.optioncarehealth.com. A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days. About Option Care Health Option Care Health is the nation’s largest independent provider of home and alternate site infusion services. With over 5,000 teammates, including approximately 2,900 clinicians, we work compassionately to elevate standards of care for patients with acute and chronic conditions in all 50 states. Through our clinical leadership, expertise and national scale, Option Care Health is reimagining the infusion care experience for patients, customers and teammates. Forward-Looking Statements - Safe Harbor This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securit...