Option Care Health slumps as top holder cuts stake

Option Care Health

11/12/2020 12:55

** Option Care Health Inc  OPCH.O  shares down ~15%
premarket on secondary offering
    ** OPCH on track for biggest one-day pct fall since Jul if
losses carry over to regular session
    ** Infusion therapy services provider prices 10 mln shares
sold by Madison Dearborn Partners at $15, 7.7% discount to
stock's last close  urn:newsml:reuters.com:*:nGNX7Fy7Vz
    ** Sale takes PE firm Madison's stake to 64.5% from 70.6%
    ** Goldman Sachs sole underwriter for offering
    ** YTD, OPCH shares have gained ~9%. Stock has nearly
tripled from its Mar low

 (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))