Business
Option Care Health Announces Upsizing and Pricing of Secondary Offering of 15,000,000 Shares of Common Stock
BANNOCKBURN, Ill., June 08, 2021 (GLOBE NEWSWIRE) -- Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an
About this update from Option Care Health, Inc.
[{"type":"text","content":"BANNOCKBURN, Ill., June 08, 2021 (GLOBE NEWSWIRE) -- Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 15,000,000 shares of the Company’s common stock at a price to the public of $20.00 per share in an underwritten public offering. The number of shares of common stock to be sold was increased to 15,000,000 shares from the previously announced 10,000,000 shares. The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to 2,250,000 additional shares of common stock. The offering is expected to close on June 10, 2021, subject to customary closing conditions. The Company will not receive any proceeds from the offering. This sale of shares represents approximately 8.3% of the current shares outstanding (or 9.6% assuming full exercise of the underwriter’s option to purchase additional shares). Upon completion of this offering, the Selling Stockholder’s interest in the Company will be reduced to 38.9% of the outstanding shares (or 37.7% assuming full exercise of the underwriter’s option to purchase additional shares), from the current 47.3%. Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering. A shelf registration statement on Form S-3 relating to the shares of common stock was filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”). The offering may be made only by means of a prospectus supplement and the accompanying prospectus, which will be filed with the SEC. You may get these documents for free by visiting the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: Goldman Sachs & Co. LLCAttn: Prospectus Department200 West StreetNew York, New York 10282Tel: 866.471.2526Email: [email protected] This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Option Care HealthOption Care Health is the nation’s largest independent provider of home and alternate site infusion services. With over 5,000 teammates,...