Option Care Health reports $3B in revenues for 2020
By HME News Staff
Updated 9:23 AM CST, Thu March 11, 2021
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 the face of an exceptionally challenging year,” said CEO John Rademacher. “In addition to delivering strong financial results, the team continued to focus on integration efforts and laying the groundwork for future growth, while always remaining focused on the thousands of patients relying on us for critical therapy every single day.”
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