Option Care Health falls as Madison Dearborn cuts stake

Option Care Health

16/03/2021 18:40

** Option Care Health Inc  OPCH.O  shares down 7.5% to
$19.73 and on course for biggest pct fall this year on secondary
offering
    ** Infusion therapy services provider late Mon announced 12
mln shares sold by Madison Dearborn Partners at $20  urn:newsml:reuters.com:*:nGNX28PkTV
    ** Offering price represents 6.2% discount to stock's Mon
close
    ** Sale takes private equity firm's stake to ~47% from
current 54%
    ** Goldman Sachs sole underwriter for offering
    ** About a month ago, OPCH priced 15-mln-share offering with
Madison as the seller at $18.50  urn:newsml:reuters.com:*:nL1N2KF1AA
    ** With decline on Tues, OPCH shares up ~26% YTD and have
~$3.6 bln market cap

 (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))