Option Care Health drops as #1 investor sells shares

Option Care Health

09/02/2021 12:59

** Option Care Health Inc  OPCH.O  shares down ~7% premarket
on secondary offering
    ** Infusion therapy services provider late Mon announced
pricing of 15 mln shares sold by Madison Dearborn Partners at
$18.50  urn:newsml:reuters.com:*:nGNX830NTT
    ** Deal size boosted from 10 mln shares, prices at 7.3%
discount to stock's last sale
    ** Sale reduces PE firm Madison's stake to 55.2% from 63.6%
    ** Goldman Sachs sole underwriter
    ** OPCH shares have already risen ~28% YTD. Stock's 50-DMA
price is $16.87, per Refinitiv data

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))