Option Care Health (OPCH) Prices 10M Share Secondary Offering at $15/Sh

Option Care Health, Inc. (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 10,000,000 shares of the Company’s common stock at a price to the public of $15.00 per share in an underwritten public offering. The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to 1,500,000 additional shares of common stock. The offering is expected to close on December 14, 2020, subject to customary closing conditions. The Company will not receive any proceeds from the offering.

Assuming exercise of the underwriter’s option to purchase additional shares, this sale of shares represents approximately 6.2% of the current shares outstanding. Upon completion of this offering, the Selling Stockholder’s interest in the Company will be reduced to 64.5% of the outstanding shares, from the current 70.6%.

Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering.

You May Also Be Interested In

• Oklo launches new $1B at-the-market stock offering program
• Yarrow Bioscience launches underwritten public stock offering
• Gaxos.ai (GXAI) files for 6.17M share offering by selling stockholders