Tag: Option Care
In brief: Feenstra backs HME, McKesson sells stake, AAH honors Bill Fredericks
May 1, 2026HME News Staff
WATERLOO, Iowa – VGM Group applauds Rep. Randy Feenstra, R-Iowa, for recognizing the dedication and integrity of quality home medical equipment (HME) providers during a recent congressional hearing.
During the hearing on fraud, waste and abuse held by the Ways & Means Committee in the House of Representatives, Feenstra stated:
“I worry about how we can protect the providers who have long operated in good faith, upholding the highest levels of integrity, from losing their local footprints...
Option Care looks to capitalize on growth trends
February 24, 2026HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported net revenue of $1.465 billion for the fourth quarter ended Dec. 31, 2025, an increase of 8.8% over the prior year. Net revenue for the full year was $5.65 billion, up 13%.
Adjusted EBITDA for the quarter was $126 million, up 3.7%, and $473 million for the full year up 6.2%, year over year.
“Our team continued to execute at a very high level to deliver extraordinary care and solid results in the fourth quarter and full year of 2025,”...
Tariffs, tech, payer alignment top of mind at Option Care
May 2, 2025Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Option Care neither manufactures nor directly imports products that may be subject to tariffs, but the company is still performing its due diligence as it keeps an eye on the constantly evolving landscape.
As of May, there is a 125% tariff on products imported from China and a 10% general tariff on imported products from other countries.
“We’ve had a team that has been working to do a comprehensive review of all of our country of origin for...
Option Care prioritizes practitioner model
February 28, 2025Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Option Care Health in January closed on its acquisition of Intramed Plus, a South Carolina-based infusion provider, in a strategic move to broaden its advanced practitioner model, company execs say.
“We believe the advanced practitioner clinical model is highly complementary to our network of compounding pharmacies, and we intend to continue enhancing and expanding our infusion site network to incorporate broader clinical capabilities,” said CEO John...
Option Care pushes through disaster for strong quarter
November 1, 2024Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Despite disruption to its supply chain, Option Care Health’s quick and “aggressive” response allowed the provider to continue servicing patients, with minimal impact, CEO John Rademacher said.
In the aftermath of Hurricane Helene, flooding halted production of intravenous solution bags at the Baxter International plant in Marion, N.C.
“From the moment of the closure, needless to say, there were immediate actions that we took to not...
Option Care details impact of cyberattack
April 26, 2024Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Option Care Health’s cash flow during the first quarter was negatively impacted by the Change Healthcare cyberattack, but the company has not changed its outlook for the full year, executives said on a recent earnings call.
From the date of the cyberattack on February 21 through the rest of the quarter, Option Care was unable to submit more than half its claims, said John Rademacher, president and CEO.
“This has resulted in a detrimental...
Option Care reports double-digit growth
April 23, 2024HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of $1.14 billion for the first quarter of 2024, an increase of 12.8% compared to the same quarter last year, despite the disruption caused by the Change Healthcare cyberattack in February.
“The Option Care Health team delivered solid financial results while navigating a disruptive environment,” said John Rademacher, CEO. “I am proud of the resilient enterprise we have built and the team's unwavering commitment...
Option Care monitors ‘vigorous’ competition
March 1, 2024Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – The trend of payers integrating with providers, including Elevance Health’s recent acquisition of Paragon Healthcare, a Texas-based infusion provider, is a shift that Option Care Health is keeping a close eye on, says CEO John Rademacher.
“They're vigorous competitors and so we take that full view as we're approaching the marketplace,” he said on a recent call to discuss the company’s fourth quarter and full year earnings. “Our...
In brief: Change Healthcare breach, Option Care results, Masimo collaboration
February 23, 2024HME News Staff
MINNEAPOLIS, Minn. – Change Healthcare, a revenue cycle management company, has experienced a cyberattack, it stated on its website.
“Once we became aware of the outside threat, in the interest of protecting our partners and patients, we took immediate action to disconnect our systems to prevent further impact. At this time, we believe the issue is specific to Change Healthcare and all other systems across UnitedHealth Group are operational.”
UnitedHealth Group...
Option Care delivers ‘strong results’
February 22, 2024HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of $1.12 billion for the fourth quarter of 2023, an increase of 9.5% compared to the same quarter in 2022.
Revenue for the full year was $4.3 billion, up 9.1% compared to 2022. Gross profit for the quarter was $247.1 million and adjusted EBITDA was $111.6 million.
“The Option Care Health team delivered strong financial results in the fourth quarter and full year of 2023 and continued to execute on our commitment...