Option Care Health slides as Walgreens slices stake

Option Care Health

17/08/2022 12:30

** Option Care Health  OPCH.O  shares down 6.4% at $32.60
premarket on secondary offering
    ** Infusion therapy services provider late Tues announced
sale of 11 mln shares by Walgreens Boots Alliance  WBA.O 
affiliate priced at $33.25  urn:newsml:reuters.com:*:nGNX7Fv4Tr
    ** Offering price represents 4.6% discount to stock's last
close
    ** Sales takes Walgreens stake from ~20.5% to ~14%, or ~26
mln shares, per Refinitiv data
    ** Goldman Sachs sole underwriter for offering
    ** OPCH last month reported Q2 rev rose 14% yr/yr to $981
mln, topping consensus, and raised FY rev guidance to $3.85-3.95
bln from $3.75-$3.9 bln  urn:newsml:reuters.com:*:nASA03HOQ  urn:newsml:reuters.com:*:nGNX9tBs9q
    ** Shares have risen 22.5% YTD through Tues close

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