CD&R and Mc Kesson are acquiring Option Care Health for approximately $5.8 billion including debt. Under the agreement, private-investment firm CD&R will hold a majority interest of about 51% in Option Care Health. Mc Kesson, a healthcare services provider, will invest roughly $1.4 billion for a minority interest of about 49%, the companies said Tuesday.
Following the deal’s close, Option Care Health will remain a separate company led by its own management team. The transaction will take the company private, with its common stock no longer publicly listed on the Nasdaq. Mc Kesson Chief Executive Officer Brian Tyler stated the deal aligns with the company’s long-term strategy to expand access to therapies across the care continuum. "As these therapies continue to grow in importance and their delivery becomes increasingly complex, Mc Kesson is focused on investing in areas where our capabilities can help improve access and advance care in lower-cost community settings, at or closer to home," Tyler said.
Under the deal, CD&R and Mc Kesson will acquire Option Care Health for $32.05 a share, representing a roughly 37% premium to the company’s closing share price on Monday. The transaction is expected to close in the first half of 2027, subject to customary closing conditions such as shareholder and regulatory approvals.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing