Option Care Health down as Madison Dearborn trims stake

Option Care Health

08/09/2021 12:13

** Option Care Health  OPCH.O  shares down ~4% premarket
after co prices secondary offering
    ** Infusion therapy services provider announces Madison
Dearborn Partners sells 9.2 mln shares at $26.90 with Goldman as
sole underwriter  urn:newsml:reuters.com:*:nGNX4SdFqK
    ** Offering prices at 4.5% discount to stock's Tues close
    ** Private equity firm Madison's stake cut by 5.1% to 21.1%
    ** Consistent with Aug 2021 offering, Madison and subsidiary
of Walgreens Boots Alliance  WBA.O  to allocate offering
proceeds to other equity holders. WBA maintains ~21% indirect
financial interest in OPCH
    ** This offering represents Madison's 5th selldown this
year. On Aug 3, OPCH priced 15 mln share secondary at $20.25
 urn:newsml:reuters.com:*:nL1N2PB12F
    ** On Aug 30, OPCH become member of S&P MidCap 400 index
 .IDX 
    ** OPCH shares have risen 80% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))