Option Care makes comeback
DEERFIELD, Ill. – Walgreens Infusion Services is now Option Care.
Walgreen entered the home infusion market in 2007 when it acquired Option Care for $850 million.
“The new Option Care builds upon the legacy of that established brand with a new energy and ambition for the future,” the company stated in a press release.
Option Care unveiled its new name and company branding today.
The relaunch follows Walgreen’s decision earlier this year to sell its home infusion business to Chicago-based private equity firm Madison Dearborn Partners. It maintains a minority stake in the company.
Option Care has the ability to serve more than 90% of the U.S. population, with 92 infusion pharmacies and 110 alternate treatment sites in 40 states, and almost 5,000 employees, according to the release.
The alternate site infusion market is believes to $14 billion and growing.