Option Care Health reports ‘solid’ results
By HME News Staff
Updated 7:56 AM CDT, Fri May 7, 2021
BANNOCKBURN, Ill. – Option Care Health reported revenue of $759.2 million for the first quarter of 2021, an increase of 7.6% compared to $705.4 million for the same period last year.
Gross profit was $165.5 million, or 21.8% of net revenue, and adjusted EBITDA was $52.2 million for the quarter.
“The Option Care Health team delivered solid financial results in the first quarter while continuing to lay the foundation for sustained growth,” said John Rademacher, CEO. “We continue to make progress in integration efforts and invest in technology and clinical capabilities to further solidify our industry leading position.”
During the quarter, Option Care Health began operating its new Care Management Center and Chronic Center of Excellence in Chicago.
It also acquired certain chronic infusion therapy assets from BioCureRex for $18.5 million.
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