Option Care Health (OPCH) Prices 9.2M Share Secondary Offering at $26.9/sh

Option Care Health, Inc. (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 9,200,000 shares of the Company’s common stock at a price to the public of $26.90 per share in an underwritten public offering. The offering is expected to close on September 9, 2021, subject to customary closing conditions. The Company will not receive any proceeds from the offering.

This sale of shares represents approximately 5.1% of the current shares outstanding. Upon completion of this offering, the Selling Stockholder’s interest in the Company will be reduced to 21.1% of the outstanding shares, from the current 26.2%.

Consistent with the August 2021 secondary offering, Madison Dearborn Partners and Walgreen Co., a wholly owned subsidiary of Walgreens Boots Alliance, Inc. (“Walgreens”), have agreed in principle to allocate all of the Selling Stockholder’s offering proceeds to affiliates of Madison Dearborn Partners and other equityholders of the Selling Stockholder. As a result, Walgreens will maintain its approximately 21% indirect financial interest in Option Care Health following this offering.

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

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