Option Care Health Announces Increased Share Repurchase Authorization
06 Dicembre 2023 - 10:11PM
Option Care Health, Inc. (the “Company” or “Option Care Health”)
(Nasdaq: OPCH), the nation’s largest independent provider of home
and alternate site infusion services, announced today that it
anticipates completing the remaining $75 million of repurchases in
the fourth quarter under the original authorization. In addition,
the Company’s Board of Directors approved an increase to its share
repurchase program authorization from $250 million to
$500 million. The program has no specified expiration date.
The extent to which the Company repurchases additional shares,
and the timing of such repurchases, will depend upon a variety of
factors, including market conditions, regulatory requirements, and
other corporate considerations, as determined by the Company’s
management.
About Option Care Health
Option Care Health is the nation’s largest independent provider
of home and alternate site infusion services. With over 7,500 team
members including more than 4,500 clinicians, we work
compassionately to elevate standards of care for patients with
acute and chronic conditions in all 50 states. Through our clinical
leadership, expertise and national scale, Option Care Health is
reimagining the infusion care experience for patients, customers
and team members. To learn more, please visit our website at
OptionCareHealth.com.
Investor Contacts
Mike Shapiro Chief Financial Officer T:
(312)
940-2538 mike.shapiro@optioncare.com
Forward-Looking Statements - Safe Harbor
This press release may contain “forward-looking statements”
within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. The statement
about our expected repurchases during the fourth quarter is a
forward-looking statement.
Important factors that could cause our actual results to differ
materially from those indicated in the forward-looking statements
include, among others, the incurrence of unexpected expenses, a
significant increase in the price of our common stock, an
unexpected business or strategic development that may impact our
use of cash or significant changes in the macroeconomic
environment.
Any forward-looking statement made by us in this press release
is based only on information currently available to us and speaks
only as of the date on which it is made. We undertake no obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
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