Option Care Health (OPCH) to Offer 10M Shares for Holder Madison Dearborn Partners

Option Care Health, Inc. (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners has agreed to sell 10,000,000 shares of the Company’s common stock 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 Company will not receive any proceeds from the offering.

This sale of shares represents approximately 5.6% of the current shares outstanding (or 6.4% 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 58.0% of the outstanding shares (or 57.2% assuming full exercise of the underwriter’s option to purchase additional shares), from the current 63.6%.

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

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