Option Care Reiterates Value Creation Opportunity of Definitive Merger Agreement with Amedisys

  Option Care Health, Inc. ("Option Care Health") (Nasdaq: OPCH) today filed with the U.S. Securities and Exchange Commission a registration statement on Form S-4 containing a joint proxy statement/prospectus in connection with its proposed merger with Amedisys, Inc. ("Amedisys"). In light of Amedisys' disclosure of an unsolicited proposal from Optum, Option Care Health issued the following statement reiterating its belief in the near- and long-term value creation opportunities Option Care Health's transaction with Amedisys is expected to deliver to stockholders of both companies:

"Option Care Health's previously announced definitive merger agreement with Amedisys delivers significant value to Amedisys and Option Care Health stockholders, a high degree of certainty in obtaining the required regulatory approvals due to the complementary nature of the parties' businesses, and benefits patients, providers, payers, and care teams. Our compelling all-stock transaction, expected to close in the second half of 2023, allows stockholders of both companies to participate in the upside of the combined company, which will be a differentiated leader in home health and alternate site care with unmatched scale and a unique cash flow profile. Specifically, the combined company is expected to generate:

• More than $500 million in annual cash flow by 2025

• Approximately $1 billion in combined Adjusted EBITDA by 2027

• More than $9 billion in combined revenue by 2027

• Approximately $75 million of run rate revenue and cost synergies by 2027

• More than 10% in combined Adjusted EBITDA margin

We believe that as a combined company, Option Care Health and Amedisys will be well positioned to meet the growing demand for personalized care in the home and alternative sites. The Option Care Health management team has a strong track record of operational execution and has delivered total shareholder returns of more than 130% since August 2019, when Option Care Health closed our acquisition of BioScrip."

https://finance.yahoo.com/news/option-care-health-reiterates-value-123100223.html