M&A Deal Summary

Madison Dearborn Partners Acquires Option Care

On January 20, 2015, private equity firm Madison Dearborn Partners acquired healthcare services company Option Care from Walgreens Boots Alliance

Acquisition Highlights
  • This is Madison Dearborn Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Madison Dearborn Partners’ 56th transaction in the United States.
  • This is Madison Dearborn Partners’ 9th transaction in Illinois.
Investment Fate
  • Option Care merged with another company in 2019.

M&A Deal Summary
Date 2015-01-20
Target Option Care
Sector Healthcare Services
Buyer(s) Madison Dearborn Partners
Sellers(s) Walgreens Boots Alliance
Deal Type Divestiture

Target

Option Care

Buffalo Grove, Illinois, United States
Option Care Enterprises, Inc. is a provider of home and alternate treatment site infusion services. Holding accreditations from industry quality organizations ACHC, PCAB, ASHP and URAC,* the company draws on nearly 40 years of clinical care experience to offer patient-centered therapy management. Option Care’s signature Home Infusion Plus services include the clinical management of infusion medicines, nursing support and care coordination. Option Care’s multidisciplinary team of more than 1,800 clinicians – including pharmacists, nurses and dietitians – are able to provide home infusion service coverage for nearly all patients across the United States needing treatment for complex and chronic conditions.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 64 of 99
Sector (Healthcare Services) 2 of 5
Type (Divestiture) 5 of 10
State (Illinois) 9 of 12
Country (United States) 56 of 85
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Kaufman Hall & Associates

Chicago, Illinois, United States

Kaufman, Hall & Associates provides management consulting services and enterprise performance management software to enable data-driven analysis and transform financial, operational, and strategic planning and results. Kaufman, Hall & Associates was formed in 1985 and is based in Skokie, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Ikaria

Clinton, New Jersey, United States

Ikaria is a critical care therapeutics company. Ikaria is based in Clinton, New Jersey.

Sell $2.3B

Seller(S) 1

SELLER

Walgreens Boots Alliance

Deerfield, Illinois, United States
Category Company
Founded 1909
Sector Retail
Employees206,000
Revenue 139.1B USD (2023)
DESCRIPTION
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.

Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1909 and is based in Deerfield, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-08 Kerr Drug

Raleigh, North Carolina, United States

Kerr Drug is a provider of pharmacy and related health care services in North and South Carolina.Kerr Drug is recognized and respected names in the chain drug industry. With its roots in the Carolinas and headquarters in Raleigh, N.C., Kerr Drug’s strategic direction is founded in its unique ability to provide patients, the medical community and health plans access to the most comprehensive and convenient health and wellness offering in the industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-09 Liz Earle Beauty

Ryde, United Kingdom

Liz Earle is an award-winning premium skincare range that uses naturally active ingredients and is recognized as one of the leading botanical brands in the UK. Created in 1995 and inspired by the gentle, healthy pace and rich botanical landscape of the Isle of Wight, Liz Earle naturally active products achieve radiantly healthy-looking skin for all skin types - even the most sensitive.

Buy -
Mergr

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