Option Care Health, Inc. (OPCH): Entry into a Material Definitive Agreement
Option Care Health, Inc. (OPCH) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 CD&R and McKesson Corporation Sign Agreement to Acquire Option Care Health NEW YORK, IRVING, Texas and BANNOCKBURN, Ill., October 6, 2026 — CD&R, McKesson Corporation (NYSE: MCK) (“McKesson”), and Option Care Health, Inc. (Nasdaq: OPCH) (“Option Care Health”) announc
How this was made
The 30-second read
Why it matters
The deal sets a $5.8 B valuation for the home‑infusion market and signals McKesson's deeper entry into specialty therapy delivery.
Market read
The announcement is a primary M&A disclosure with material impact on the involved stocks and the broader healthcare services sector.
What to watch
Potential integration challenges and reimbursement uncertainties for complex specialty therapies.
Background
The filing is an SEC Form 8‑K announcing the first public details of the acquisition.
Ticker impact
Option Care Health announced a definitive agreement to be acquired for $32.05 per share, $5.8 B total value, and will be delisted from Nasdaq.
likely pressure as the market prices in the $32.05 offer, modest upside only if the deal closes at a higher price.
The deal is already disclosed with a 37% premium; investors will adjust the price to the offer level, reducing speculative upside.
McKesson Corporation will invest about $1.4 B for a 49% minority stake in Option Care Health as part of the acquisition.
slight pressure or flat as the market digests the investment cost versus strategic benefit.
The strategic rationale is positive, yet the sizable cash commitment could temper short‑term price movement.
Market effects
Consolidation in the home and alternate site infusion services sector may lift valuations of peers.
Adds to US healthcare services M&A activity, influencing related stocks.
Highlights continued strategic investment in specialty therapy delivery worldwide.
Counterpoint
If the acquisition faces regulatory delays, Option Care Health shares could fall below the offer price.
Key entities
- companyOption Care Health
Provider of home and alternate site infusion services, target of acquisition.
- companyMcKesson Corporation
Healthcare services and pharmaceutical distribution company acquiring a minority stake.
- private_firmCD&R
Private investment firm taking majority ownership of Option Care Health.
