Option Care Health announces stock offering
By HME News Staff
Updated 8:31 AM CDT, Wed September 8, 2021
BANNOCKBURN, Ill. – Option Care Health announced that an affiliate of Madison Dearborn Partners, the selling stockholder, has agreed to sell 9.2 million shares of the company’s common stock at $26.90 per share in an underwritten public offering. This sale of shares represents approximately 5.1% of the current shares outstanding. Consistent with the August 2021 secondary offering, Madison Dearborn Partners and Walgreen Co., a wholly owned subsidiary of Walgreens Boots Alliance, Inc., have agreed in principle to allocate all of the selling stockholder’s offering proceeds to affiliates of Madison Dearborn Partners and other equity holders of the selling stockholder. As a result, Walgreens will maintain its approximately 21% indirect financial interest in Option Care Health following this offering. The offering is expected to close Sept. 9.
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