CD&R and McKesson have agreed to acquire Option Care Health for $32.05 per share, valuing the company at approximately $5.8 billion including debt, sending OPCH shares up 34% in early trading on Tuesday. Under the definitive agreement, CD&R will take a majority stake of approximately 51% in Option Care Health, while McKesson will invest approximately $1.4 billion for a minority interest of approximately 49%. Option Care Health will continue to operate as a separate company under its existing management team. Following the closing of the transaction, McKesson intends to account for its minority interest using the equity method of accounting, recording its share of Option Care Health's net income or loss in Other Income, net.
McKesson CorporationMcKesson invests ~$1.4B for a ~49% minority stake in Option Care Health as part of the $5.8B takeover.
Option Care Health IncOption Care Health agrees to be acquired by CD&R and McKesson at $32.05/share, a $5.8B deal sending shares up 34%.
