CD&R and McKesson agree to acquire Option Care Health for $32.05/share, $5.8B enterprise value

MCKESSON CORP

CD&R and McKesson entered a definitive agreement to acquire Option Care Health at $32.05 per share, a total enterprise value of about $5.8 billion.
CD&R will hold ~51% and McKesson will invest ~$1.4 billion for ~49%, with Option Care Health remaining a separate company led by existing management.
The $32.05 per-share price represents a ~37% premium to Option Care Health's October 5, 2026 closing share price; closing expected in first half of 2027.
Option Care Health will withdraw its 2026 guidance and not host a Q3 earnings call; it expects to report Q3 2026 results on November 4, 2026.
McKesson will account for its minority interest using the equity method; a framework allows McKesson's future acquisition of CD&R's interest, subject to approvals.

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