trending Market Intelligence /marketintelligence/en/news-insights/trending/lEWNj2CjP63dk6yUT2SmUg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

BioScrip, Option Care Enterprises to merge in all-stock deal

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


BioScrip, Option Care Enterprises to merge in all-stock deal

Healthcare service providers BioScrip Inc. and Option Care Enterprises Inc. agreed to merge.

The companies said the deal will create an independent provider of home and alternate site infusion services that is poised to grow in the U.S. healthcare market. The combined company is expected to cover about 96% of the U.S. population, with facilities in 46 states.

Denver-based BioScrip is a provider of infusion and home care management solutions in the U.S. Option Care is a provider of home and alternate treatment site infusion services for acute and chronic patients in the U.S.

Among Option Care's products are Cuvitru for treating primary immunodeficiency and Nuzyra, intended to treat adults with acute bacterial skin and skin structure infections and community-acquired bacterial pneumonia.

Under the deal, BioScrip will issue new shares to Option Care's shareholder, which is owned by investment funds affiliated with Chicago-based private equity firm Madison Dearborn Partners LLC and retail pharmacy chain Walgreens Boots Alliance Inc., in an all-stock transaction.

Upon deal completion, Madison Dearborn and Walgreens will own about 80% of the combined company, which will be publicly traded, with the remainder to be owned by BioScrip shareholders. The merged entity's common stock will continue to list on the Nasdaq Global Market.

Option Care CEO John Rademacher and Option Care CFO Mike Shapiro will lead the combined company. BioScrip President and CEO Daniel Greenleaf will serve as a special adviser to the merged company's board.

The transaction is expected to be complete in the second half, subject to closing conditions, including regulatory and shareholder approvals. Both companies' boards have signed off on the deal.

Jefferies LLC and Moelis & Co. LLC are joint financial advisers to BioScrip, while Gibson Dunn & Crutcher LLP is legal adviser. Goldman Sachs & Co. LLC and BofA Merrill Lynch act as financial advisers and Kirkland & Ellis LLP is legal adviser to Option Care.

Shares of BioScrip were up 34.38% to $4.69 as of 8:45 a.m. ET in premarket trading March 15.