secwatch.observer — SEC 8-K summary
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Issuer:     Option Care Health, Inc. (OPCH)
CIK:        0001014739
Form:       8-K
Filed at:   2026-10-06T12:22:07+00:00
Accession:  0001104659-26-113904
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014739/000110465926113904/0001104659-26-113904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014739/000110465926113904/tm2627097d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113904

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