Option Care Health has ‘momentum’ going into second half of 2021

BANNOCKBURN, Ill. – Option Care Health reported net revenue of $860.3 million for the second quarter of 2021, up 16.1% compared to $740.8 million in the second quarter of 2020.

Gross profit was $199 million, or 23.1% of net revenue, up 19.6% compared to $166.3 million, or 22.4% of revenue.

“The Option Care Health team delivered a very strong second quarter, while continuing to invest for future growth,” said John Rademacher, CEO. “Most importantly, the team focused on extraordinary patient care as we continue to navigate a dynamic healthcare environment. Based on the momentum established in the first half, the company is positioned very well heading into the second half of 2021.”

Option Care Health reported adjusted EBITDA was $72.8 million, up 33.3% compared to $54.6 million, and cash on hand was $157.5 million.

Also during the quarter, Option Care Health completed its acquisition of certain assets of BioCure.