M&A Deal Summary

Option Care Health Acquires SPNN

On April 11, 2022, Option Care Health acquired healthcare services company SPNN from HealthEdge Investment Partners for 60M USD

Acquisition Highlights
  • This is Option Care Health’s 7th transaction in the Healthcare Services sector.
  • This is Option Care Health’s 4th largest (disclosed) transaction.
  • This is Option Care Health’s 7th transaction in the United States.
  • This is Option Care Health’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-04-11
Target SPNN
Sector Healthcare Services
Buyer(s) Option Care Health
Sellers(s) HealthEdge Investment Partners
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

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.

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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 5.0B USD (2024)
DESCRIPTION

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


DEAL STATS #
Overall 8 of 8
Sector: Healthcare Services M&A 7 of 7
Type: Add-on Acquisition M&A Deals 6 of 6
State: Florida M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 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.

Buy -

Seller(S) 1

SELLER

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.


DEAL STATS #
Overall 15 of 18
Sector: Healthcare Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 9 of 12
State: Florida M&A 4 of 6
Country: United States M&A 15 of 18
Year: 2022 M&A 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 The Columbus Organization

Blue Bell, Pennsylvania, United States

The Columbus Organization is a provider of on-site professional staffing and consultative services, focusing exclusively on agencies that serve individuals with special needs. The Columbus Organization was founded in 1984 and is based in Blue Bell, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Anodyne

Milwaukee, Wisconsin, United States

Anodyne is a brand and foremost innovator of clinical footwear solutions aimed at the growing diabetic population. Anodyne was founded in 2015 and is based in Milwaukee, Wisconsin.

Buy -