McKesson & CD&R Acquire Leading US Home-Infusion Platform
McKesson and private equity firm CD&R will acquire Option Care Health, a US home-infusion care provider, for $5.8bn. CD&R will take a majority stake, while McKesson invests $1.4bn for a minority stake. The deal values Option Care Health at $32.05 per share and is expected to close in H1 2027. McKesson aims to leverage the acquisition to expand its specialty care offerings.
How this was made

The 30-second read
Why it matters
The transaction provides McKesson with a foothold in outpatient infusion, expanding its specialty pharma logistics network.
Market read
Large M&A deal in healthcare distribution sector with immediate price impact potential for both acquirer and target.
What to watch
Regulatory approvals and integration risks could delay expected synergies.
Background
McKesson partners with private‑equity firm CD&R to acquire Option Care Health, a leading U.S. home‑infusion platform.
Ticker impact
McKesson announced a $5.8bn acquisition of Option Care Health, taking a minority stake worth $1.4bn.
likely upward pressure as investors price in strategic expansion and cash deployment.
Large‑scale M&A with clear strategic rationale; market typically rewards such announcements.
Market effects
Strengthens the home‑infusion and specialty pharma distribution sector, signaling consolidation and potential margin expansion.
U.S. healthcare distribution market may see increased M&A activity as firms seek scale.
Highlights growing importance of outpatient infusion services worldwide.
Counterpoint
Deal could strain McKesson's balance sheet and distract from core distribution business.
Key entities
- CompanyMcKesson
U.S. healthcare distributor and acquirer.
- CompanyOption Care Health
Provider of outpatient infusion services.
- Private EquityClayton, Dubilier & Rice
Majority stakeholder in the transaction.




