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Tag: John Rademacher


Option Care hungry for M&A 

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Option Care hungry for M&A 

May 14, 2021Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. – With a tuck-in acquisition in the Southeast, a new state-of-the-art facility in Chicago and new therapies added to its chronic care portfolio, Option Care Health is laying the groundwork for sustainable growth, say company officials.  Option Care announced May 6 it had paid $18.5 million for Houston-based BioCureRx, a regional provider of certain chronic care therapies.  “While limited in size, the BioCure transaction signifies...

Home Infusion Therapy, John Rademacher, Option Care Health


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Option Care Health reports ‘solid’ results 

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Option Care Health reports ‘solid’ results 

May 7, 2021HME News Staff

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,...

Home Infusion Therapy, John Rademacher, Option Care Health


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Option Care sees growth driven by chronic care 

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Option Care Health sees growth driven by chronic care 

March 26, 2021Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. – Option Care Health saw double-digit growth in revenues as the company took advantage of its technology platform to respond to the disruption caused by the COVID-19 pandemic, said CEO John Rademacher on a recent earnings call.  Option Care Health reported net revenues of $804.7 million for the fourth quarter of 2020, an increase of 11.6% compared to the same quarter in 2019.  “Our ability to quickly pivot and utilize our technology...

Coronavirus Outbreak, Home Infusion Therapy, John Rademacher, Option Care Health


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Also Noted

Option Care Health reports $3B in revenues for 2020 

March 11, 2021HME News Staff

BANNOCKBURN, Ill. – Option Care Health reported net revenues of $804.7 million for the fourth quarter of 2020, an increase of 11.6% compared to the same quarter in 2019. Net revenues for the full year were about $3 billion, an increase of 31.3% compared to the full year 2019. Adjusted EBITDA for the quarter was $67.7 million, and $221.7 million for the full year, up 27.7% and 69.5%, respectively. “I am incredibly proud of the effort and execution by the Option Care Health team in...

Home Infusion, John Rademacher, Option Care Health


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Option Care Health weathers 'turbulent period'

August 14, 2020Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. - Option Care Health saw a decline in new patient referrals during the second quarter of 2020 due to COVID-19, but that was offset by growth in its chronic care business, says CEO John Rademacher.“Patient transfers onto service with us from other sites of care drove low double-digit growth in the second quarter,” said Rademacher during a conference call to discuss the company's recent financial results. “We continue to work with referral sources and payers to identify...

Coronavirus Outbreak, Home Infusion Therapy, John Rademacher, Option Care


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Q&A: Option Care's John Rademacher

April 29, 2019Theresa Flaherty, Managing Editor

When the ink dries on the planned merger of two of the country's leading home infusion services providers, it will form an organization that is deeply committed to patient care, says John Rademacher, CEO of the combined company of Option Care and BioScrip.“At the center of both organizations is deep clinical expertise and a passion to deliver extraordinary care,” he told HME News in an email. “Together, we will form an organization that will create a rich environment and a destination...

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Option Care's new CEO: Home infusion at 'interesting intersection'

February 2, 2018Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. - Option Care kicked off the new year with a new CEO, John Rademacher, who had previously served as interim CEO and COO. Rademacher, whose resume includes executive level roles at Cardinal Health and Cigna, says the home infusion sector is at an “interesting intersection between high quality and appropriate costs.”“Payers, health systems and pharmaceutical manufacturers are realizing that home infusion offers a real important service to patients,” he said.Rademacher...

Home infusion services, John Rademacher, Option Care, Radicava


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News

In brief: Option Care taps new CEO, medical device tax back in effect

January 5, 2018HME News Staff

BANNOCKBURN, Ill. - Option Care has appointed John Rademacher as CEO and COO, effective immediately, the company announced Jan. 4. Rademacher had been serving as the interim CEO. Rademacher has more than 25 years of health care related experience, and has held executive positions including at Cardinal Health where he served as president and general Manager for both the Ambulatory Care Division and the Nuclear and Pharmacy Services Divisions, and at Cigna Corporation where he served as president of...

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Option Care taps new CEO

January 5, 2018HME News Staff

BANNOCKBURN, Ill. - Option Care has appointed John Rademacher as CEO, effective immediately, the company announced Jan. 4. Rademacher had been serving as the interim CEO and COO. Rademacher has more than 25 years of health care related experience, and has held executive positions including at Cardinal Health where he served as president and general Manager for both the Ambulatory Care Division and the Nuclear and Pharmacy Services Divisions, and at Cigna Corporation where he served as president of...

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