---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113904"
form_type: "8-K"
ticker: "OPCH"
cik: "0001014739"
company_name: "Option Care Health, Inc."
filed_at: "2026-10-06T12:22:07+00:00"
generated_at: "2026-10-12T16:32:23.283600+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Option Care Health to be acquired by CD&R and McKesson for $32.05/share cash in take-private deal

## Summary
- Merger agreement dated Oct 5, 2026: Option Care (OPCH) to merge with Onyx Merger Sub and become wholly owned by Onyx Bidco; acquirers are affiliates of CD&R and McKesson.
- Each outstanding share converts into $32.05 cash. Equity commitments total $2,873,295,853 from CD&R Fund XII and McKesson; debt financing includes up to $3.15B term loan and $500M revolver.
- Closing conditions: majority stockholder vote, HSR Act clearance, specified healthcare regulatory approvals; outside date Oct 5, 2027. Closing is not conditioned on Parent obtaining financing.
- Termination fees: Company pays Parent $145,963,976; Parent pays Company $291,927,951. Enforcement expenses capped at $7.5M for each side.
- Board unanimously recommends the deal; no-solicitation covenant has fiduciary out for Superior Proposals subject to match rights and Company Termination Fee.

## SEC filing metadata
- accession: 0001104659-26-113904
- form_type: 8-K
- ticker: OPCH
- cik: 0001014739
- company_name: Option Care Health, Inc.
- filed_at: 2026-10-06T12:22:07+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014739/000110465926113904/0001104659-26-113904-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014739/000110465926113904/tm2627097d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113904
- JSON: https://secwatch.observer/filing/0001104659-26-113904.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113904.txt

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