---
schema_version: "secwatch.filing_event.v1"
accession: "0001014739-23-000015"
form_type: "8-K"
ticker: "OPCH"
cik: "0001014739"
company_name: "Option Care Health, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:55:27.410385+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Option Care Health beats Q1 estimates, raises FY guidance, announces Amedisys merger

## Summary
- Net revenue $1,015.8M (+10.9% YoY); net income $39.2M ($0.22 EPS), up 29.5%.
- Adjusted EBITDA $93.8M (+20.6%); cash flow from ops $89.8M vs $32.7M.
- FY 2023 guidance raised: net revenue $4.15B-$4.375B, Adjusted EBITDA $380M-$395M.
- Completed $75M stock repurchase in Q1.
- Entered definitive agreement to combine with Amedisys (details in separate release).

## SEC filing metadata
- accession: 0001014739-23-000015
- form_type: 8-K
- ticker: OPCH
- cik: 0001014739
- company_name: Option Care Health, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014739/000101473923000015/0001014739-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014739/000101473923000015/bios-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001014739-23-000015
- JSON: https://secwatch.observer/filing/0001014739-23-000015.json
- Plain text: https://secwatch.observer/filing/0001014739-23-000015.txt

## Key facts
- Earnings Releases
  Option Care Health, Inc. reported first quarter ended March 31, 2023 results: revenue Net revenue of $1,015.8 million, net income Net income of $39.2 million, EPS $0.22 basic earnings per share. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: Net revenue of $1,015.8 million
  - Net income: Net income of $39.2 million
  - EPS: $0.22 basic earnings per share
  - Guidance: raised
  - Result: reported results
  source text: Net revenue of $1,015.8 million, up 10.9% compared to $915.8 million in the first quarter of 2022 • Gross profit of $229.0 million, or 22.5% of net revenue, up 14.0% compared to $200.9 million, or 21.9% of net revenue, in the first quarter of 2022 • Net income of $39.2 million, or $0.22 basic earnings per share, up 29.5% compared to net income of $30.3 million, or $0.17 basics earnings per share, in the first quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000101473923000015/0001014739-23-000015-index.htm
- Earnings Releases
  Option Care Health, Inc. reported full year 2023 results: revenue Net Revenue of $4.15 billion to $4.375 billion. Guidance raised.
  - Period: full year 2023
  - Revenue: Net Revenue of $4.15 billion to $4.375 billion
  - Guidance: raised
  - Result: guidance update
  source text: Net Revenue of $4.15 billion to $4.375 billion • Adjusted EBITDA of $380 million to $395 million • Cash Flow from Operations of at least $240 million Additionally, the Company continues to anticipate an effective tax rate of 27% - 29% and net interest expense of approximately $61.0 million to $65.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014739/000101473923000015/0001014739-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.