M&A Deal Summary

Option Care Health Acquires Option Care

On March 15, 2019, Option Care Health acquired healthcare services company Option Care from Madison Dearborn Partners

Acquisition Highlights
  • This is Option Care Health’s 6th transaction in the Healthcare Services sector.
  • This is Option Care Health’s 6th transaction in the United States.
  • This is Option Care Health’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2019-03-15
Target Option Care
Sector Healthcare Services
Buyer(s) Option Care Health
Sellers(s) Madison Dearborn Partners
Deal Type Merger
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Kirkland & Ellis (Legal)

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

Option Care Health

Bannockburn, Colorado, United States
Category Company
Founded 1993
Sector Healthcare Services
Employees5,809
Revenue 4.3B USD (2023)
DESCRIPTION

Option Care Health is a provider in comprehensive, cost-effective pharmaceutical and home care solutions. Option Care Health was formed in 1993 and is based in Denver, Colorado.

DEAL STATS #
Overall 7 of 8
Sector (Healthcare Services) 6 of 7
Type (Merger) 1 of 1
State (Illinois) 2 of 2
Country (United States) 6 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Home Solutions

Somers Point, New Jersey, United States

Home Solutions is a provider of home infusion and home nursing products and services to patients suffering from chronic and acute medical conditions.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 SPNN

Sarasota, Florida, United States

SPNN is a nationwide nursing network that focuses on the therapy management of patients with rare, chronic disorders. SPNN professional staff consists of CRNI®, OCN®, IgCN®, PICC, and IV certified nurses who administer specialty pharmacy therapies to patients in the comfort of their home, physician offices, and ambulatory infusion centers (AIC). SPNN was founded in 2009 and is based in Sarasota, Florida.

Buy $60M

Seller(S) 1

SELLER

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 63 of 74
Sector (Healthcare Services) 2 of 2
Type (Merger) 1 of 1
State (Illinois) 9 of 11
Country (United States) 56 of 66
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Things Remembered

Highland Heights, Ohio, United States

Things Remembered is a personalized gift chain providing solutions for all gift-giving occasions through more than 650 stores across the U.S. and through its catalogs and website. The Company specializes in personalizing gifts through its engraving and monogramming technology.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 Lightspeed Systems

Austin, Texas, United States

Lightspeed Systems is an education technology solutions provider partnering with schools to make learning safe, mobile, and easily managed. Partnered with 6,500 districts in United States and 28,000 schools around the world, the company offers integrated filtering, management, monitoring, and protection for schools through its groundbreaking platform, Relay. Lightspeed Systems was founded in 1999 and is based in Austin, Texas.

Buy -
Mergr

Product

Company

Legal