Mergers & Acquisitions ·
CD&R and McKesson agree to acquire Option Care Health for $32.05 per share in $5.8B deal
OPCHOption Care Health, Inc.
An investor group comprised of affiliates of Clayton, Dubilier & Rice (CD&R) and McKesson Corporation has entered into a definitive merger agreement to acquire Option Care Health for $32.05 per share in cash, representing a total enterprise value of approximately $5.8 billion. The transaction values the company at a 37% premium to its October 5 closing price. CD&R will hold a majority interest of approximately 51%, while McKesson will acquire a minority stake for roughly $1.4 billion. The deal is expected to close in the first half of calendar year 2027, subject to stockholder approval and regulatory clearances, including Hart-Scott-Rodino review. Upon closing, Option Care Health will become a privately held subsidiary. Option Care Health operates as the nation's largest independent provider of home and alternate site infusion services.