Walgreens lets go of Option Care
By HME News Staff
Updated 11:47 AM CDT, Mon June 12, 2023
DEERFIELD, Ill. - Walgreens Boots Alliance has sold its remaining 10.8 million shares of Option Care Health, generating about $330 million.
Earlier this year, in March, Walgreens sold 13 million shares of Option Care Health at $30.75 per share. Last year, it sold 11 million shares in the company.
Walgreens says it will use the proceeds from the sale “primarily for debt paydown, continued support of the company’s strategic priorities and healthcare transformation.”
The company rebranded Walgreens Infusion Services as Option Care in 2015. It bought Option Care in 2007.
Option Care, which is majority owned by Madison Dearborn Partners, recently announced a merger with Amedisys. Optum, however, has since made an unsolicited bid for Amedisys.
Walgreens completed a majority share acquisition of CareCentrix and Shields Health Solutions in 2022.
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