Option Care Health Surges 22% on Reported $5B Takeover Bid

Option Care Health (NASDAQ: OPCH) shares jumped 22% in after-hours trading following reports of a potential $5 billion takeover. Healthcare giant McKesson and private equity firm Clayton Dubilier & Rice (CD&R) are reportedly in advanced talks to acquire the infusion services provider 🔗.

Key details:

• Proposed valuation: Over $5 billion, including debt 🔗.
• Structure: CD&R would take a 51% controlling stake, with McKesson holding 49% and a future right to purchase CD&R's stake 🔗.
• Market context: OPCH shares were down 27% YTD prior to the report, with an enterprise value of ~$4.6 billion 🔗.

An agreement could be reached as soon as Tuesday, though negotiations are ongoing 🔗.