M&A Deal Summary

Walgreens Boots Alliance Acquires Option Care

On September 12, 2007, Walgreens Boots Alliance acquired healthcare services company Option Care for 850M USD

Acquisition Highlights
  • This is Walgreens Boots Alliance’s 2nd transaction in the Healthcare Services sector.
  • This is Walgreens Boots Alliance’s 3rd largest (disclosed) transaction.
  • This is Walgreens Boots Alliance’s 6th transaction in the United States.
  • This is Walgreens Boots Alliance’s 2nd transaction in Illinois.
Investment Fate
  • Option Care was divested to a consortium of buyers in 2015.
  • Option Care merged with another company in 2019.

M&A Deal Summary
Date 2007-09-12
Target Option Care
Sector Healthcare Services
Buyer(s) Walgreens Boots Alliance
Deal Type Add-on Acquisition
Deal Value 850M USD

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

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 6 of 24
Sector (Healthcare Services) 2 of 11
Type (Add-on Acquisition) 5 of 16
State (Illinois) 2 of 2
Country (United States) 6 of 22
Year (2007) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-23 Take Care Health Systems

Chadds Ford, Pennsylvania, United States

Take Care operates nurse practitioner-staffed primary care clinics located in high-traffic retail pharmacy stores. The Company's clinics provide cost-effective, convenient access to quality healthcare for families and special populations, including the under-insured, and Medicare and Medicaid recipients

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-17 Whole Health Management

Cleveland, Ohio, United States

Whole Health Management, LLC is a operator of on-site and near-site employer sponsored clinics, health and wellness centers, and pharmacies in the United States.

Buy -
Mergr

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