Updated version 2 - McKesson and CD&R will privatize infusion therapy service provider Option Care in a $5.8 billion deal.
路透社2026/10/06 12:41Reuters, October 6 – Pharmaceutical distributor McKesson (MCK.N) and private equity firm Clayton Dubilier & Rice (CD&R) reached an agreement on Tuesday to take infusion therapy provider Option Care Health (OPCH.O) private, in a deal valued at approximately $5.8 billions, including debt. The acquisition offer of $32.05 per share represents a 37.1% premium over Option Care's most recent closing price. As a US pharmaceutical distributor, McKesson is seeking to expand its healthcare services portfolio, and this transaction marks its latest move. It also follows the private equity fund’s previous acquisition of another home health service provider, Enhabit. Option Care Health is the largest independent provider of infusion therapy services in the US, serving over 308,000 patients annually through more than 197 service centers, offering home and outpatient infusions, specialty pharmacy, and care for complex conditions. With an aging population and a growing number of patients choosing care outside costly hospital settings, demand for home healthcare in the US continues to increase. Upon closing, CD&R will hold the majority stake, while McKesson will retain a minority interest. Option Care Health will continue to operate as an independent company led by its existing management team. As per transaction terms, McKesson will invest about $1.4 billions to acquire a 49% stake, with the right to acquire CD&R's remaining 51% interest at a later date. According to Michael Cherny, an analyst at Leerink Partners, this deal positions McKesson in line with the trend of healthcare services shifting away from hospitals and medical institutions to alternative sites of care. Additionally, given McKesson’s current operation of Canada’s leading infusion and injection network, Inviva, the transaction extends its reach in the US home infusion market. McKesson’s oncology and multi-specialty business segments, including infusion services, posted revenues of $14.2 billions in the most recent quarter, up 33% year-over-year, benefiting from specialty drug distribution and contributions from acquisitions. The deal is expected to close in the first half of 2027, after which Option Care Health will become a private company.
Added detailed information about ownership and background in the full text
Sneha S K
Reuters, October 6 - Pharmaceutical distributor McKesson (MCK.N) and private equity firm Clayton Dubilier & Rice reached an agreement on Tuesday to take private infusion therapy provider Option Care Health (OPCH.O) in a deal valued at approximately $5.8 billion (including debt).
The acquisition offer of $32.05 per share represents a 37.1% premium to Option Care’s most recent closing price.
As a U.S. pharmaceutical distributor, McKesson has been working to expand its healthcare services portfolio. This deal marks its latest move and also represents another acquisition of a home health services provider by a private equity firm, following Enhabit (link).
Option Care Health is the largest independent infusion therapy provider in the United States, serving more than 308,000 patients annually through over 197 service locations, including home and outpatient infusions, specialty pharmacy, and care for complex conditions.
With an aging population and more patients choosing treatment outside hospitals and other high-cost medical settings, demand for home healthcare continues to grow in the U.S.
After the deal is completed, CD&R will hold a majority stake, while McKesson will hold a minority stake. Option Care Health will continue to operate as an independent company, led by its own management team.
Under the terms of the deal, McKesson will invest approximately $1.4 billion for a 49% stake and retain the right to purchase the remaining 51% stake from CD&R at a future date.
According to a report by Leerink Partners analyst Michael Cherny on Monday evening, the transaction allows McKesson to align with the trend of shifting care delivery from hospitals and health facilities to alternative sites.
In addition, as McKesson currently operates Inviva, Canada's leading infusion and injection network, this deal will further expand its U.S. home infusion service footprint.
McKesson’s oncology and multi-specialty division (including infusion services) generated $14.2 billion in revenue in the latest quarter, up 33% year-over-year, thanks to specialty pharmaceuticals distribution and acquisition contributions.
The deal is expected to close in the first half of 2027, at which point Option Care Health will become a private company.
(For the convenience of non-native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may be inaccurate or may not capture the required context, Reuters does not guarantee the accuracy of these automated texts and provides them solely for reader convenience. Reuters accepts no liability for any damage or loss arising from use of the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Updated version 3 - Becton Dickinson commits to invest 19 billion dollars in an agreement with the government.
BD will invest $3 billion to expand its manufacturing operations in the United States, aiming to increase the proportion of critical medical supplies sourced domestically to approximately 80%. The agreement links the company’s U.S. manufacturing commitments to tariff relief. Information about the stock price was added in the third paragraph, analyst commentary in the sixth paragraph, and background information in the eleventh paragraph. Siddhi Mahatole, Reuters, October 6 — Becton Dickinson and Company (BDX.N) has become the first major U.S. medical device manufacturer to sign an agreement with the U.S. government to expand domestic manufacturing, with a pledge to invest $19 billion in the coming years in exchange for protection against future tariffs. Under the agreement, the company said on Tuesday it plans to make capital, operational, and supply chain investments in the U.S., with $3 billion specifically allocated to strategic manufacturing facilities across the country. Shares of the medical device maker rose 2.4% in early trading. This deal is one of several measures by the Trump administration to encourage domestic healthcare manufacturing through the threat of tariffs, with several major pharmaceutical companies having already committed billions of dollars toward building and expanding production and R&D facilities in the U.S. The agreement ties BD’s U.S. manufacturing commitments to future exemptions from tariffs on related products and raw materials under Section 232, depending on the final scope of the measures and whether the company achieves agreed-upon milestones. Jefferies analyst Matthew Taylor commented, “We believe clarity on tariff policy, or tariff impacts being potentially ‘not as bad as feared,’ could be an inflection point for the medtech sector.” He added, “We are curious if there are more medtech-related announcements pending.” The company plans to increase annual U.S. production by around 5 billion basic medical supply units, raising the domestic supply share to roughly 80%. BD also intends to use U.S.-made steel to manufacture all needles for the U.S. market domestically. Becton Dickinson stated that, as the final tariff rates, product range, and implementation timelines remain undetermined, the financial impact of the agreement has not been quantified yet. This announcement builds on President Donald Trump’s Monday statement that the company has agreed to invest $3 billion to shift basic medical product manufacturing to the U.S., with more than $1 billion allocated to Nebraska. In January this year, Becton Dickinson announced a $110 million investment to expand the production of prefilled syringes and needles in Columbus, Nebraska, expected to create about 120 jobs. Syringe products are expected to start shipping to customers by mid-2026.
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