BioScrip's Option Care deal saves earnings blemish

Option Care Health

15/03/2019 12:45

** Home healthcare provider's shares  BIOS.O  up nearly 10
pct at $3.85 premarket after co signs merger agreement with
Option Care Enterprises Inc
    ** BIOS will issue new shares to Option Care shareholders
upon completion of the all-stock deal, Option Care shareholders
will own ~80 pct of the combined co  urn:newsml:reuters.com:*:nGNX2xlhl2
    ** Combined co will be led by Option Care CEO John
Rademacher and CFO Mike Shapiro - BIOS
    ** BIOS also posts Q4 loss/shr of $0.14 vs analysts' est. of
loss/shr of $0.03; Q4 rev of $183.6 mln vs est. of $188.4,
according to IBES data from Refinitiv  urn:newsml:reuters.com:*:nGNX4K3KL0
    ** Up to Thursday's close, BIOS shares down ~2 pct this year

 (Reporting by Aakash Jagadeesh Babu in Bengaluru)
 ((Aakash.B@thomsonreuters.com; within the U.S. +16462238780,
outside the U.S. +91  80 67491576; Reuters Messaging:
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