Option Care Health down as Walgreens sells 13 mln shares

Option Care Health

01/03/2023 22:10

** Shares of Option Care Health Inc  OPCH.O  down 2.5%
post-market after secondary offering announced
    ** Infusion therapy services provider says Walgreens Boots
Alliance  WBA.O  agreed to sell 13 mln shares
    ** Co to repurchase up to $75 mln of offering shares from
sole underwriter Goldman Sachs 
    ** Sale halves Walgreens stake to about 13 mln shares, or
roughly 7% stake, per Refinitiv
    ** Option Care last week posted Q4 results in-line with
Refinitiv estimates, projected 2023 net rev of $4.15-$4.375 bln
and announced $250 mln stock buyback
    ** Shares on Weds closed up 2% at $31.29
    ** Stock up ~4% YTD amid ~23% gain over the past 12 months

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))