CD&R and McKesson agree to acquire Option Care Health

On October 6, 2026, Clayton, Dubilier & Rice and McKesson agreed to acquire Option Care Health for $32.05 per share, implying approximately $5.8 billion in enterprise value. CD&R will take approximately 51% ownership, while McKesson will invest approximately $1.4 billion for approximately 49%. Completion is targeted for the first half of calendar year 2027, conditional on stockholder approval and required regulatory clearances.

Option Care Health shareholders would receive a defined cash exit if the transaction closes, and the company would leave Nasdaq and become privately held. McKesson would gain minority exposure to Option Care Health's home and alternate-site infusion business, while Finimize's note says the deal should have minimal effect on McKesson's earnings and risk profile.

  • 1The transaction values Option Care Health at approximately $5.8 billion in enterprise value.
  • 2CD&R will hold approximately 51% of Option Care Health after completion.
  • 3McKesson will invest approximately $1.4 billion for approximately 49% ownership.
  • 4The offer price represents a premium of approximately 37% to Option Care Health's October 5, 2026 closing price.
  • 5Option Care Health's common stock will no longer be publicly listed on Nasdaq after the transaction closes.
  • One report gives a 2024 closing expectation, conflicting with the announced first half of calendar year 2027 timetable.

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