Option Care Health to sell shares
By HME News Staff
Updated 9:49 AM CDT, Wed March 17, 2021
BANNOCKBURN, Ill. – Option Care Health has agreed to sell 12 million shares of the company’s common stock at $20 per share in an underwritten public offering. The selling stockholder, an affiliate of Madison Dearborn Partners, also granted the underwriter a 30-day option to purchase up to 1.8 million additional shares of common stock. The offering is expected to close today, March 17. This sale of shares represents approximately 6.7% of the current shares outstanding. Option Care Health will receive no proceeds from the offering. Option Care Health reported net revenues of $804.7 million for the fourth quarter of 2020 and $3 billion for the full year 2020.
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