Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / OPCH - Option Care Health closes acquisition of Specialty Pharmacy Nursing Networks

OPCH - Option Care Health closes acquisition of Specialty Pharmacy Nursing Networks

Option Care Health Inc.
Option Care Health (NASDAQ:OPCH) closed the acquisition of Specialty Pharmacy Nursing Networks or SPNN. Q1 GAAP EPS of $0.17 beats by $0.04. Revenue of $915.78M (+20.6% y/y) beats by $76.33M. Shares were trading +12.46%. The impact of recently completed acquisitions, namely Infinity, Wasatch and BioCure, represented ~250 bps of revenue growth. "...part of the reasons for the acquisitions within Infinity and SPNN was to expand our nursing network," CEO John Rademacher said during the Q1 earnings call. Rademacher had replied to an analyst question on labor shortages, particularly relating to nursing availability and pharmacist. FY22 adjusted EBITDA expectations is $320M-335M. OPCH is continuing on the path of building out a comprehensive network of infusion suites, focusing around site care initiatives and other aspects from that standpoint, according to CFO Mike Shapiro.

For further details see:

Option Care Health closes acquisition of Specialty Pharmacy Nursing Networks
Stock Information
Company Name: Option Care Health Inc.
Stock Symbol: OPCH
Market: NASDAQ
Website: optioncarehealth.com
Menu
OPCH OPCH Quote OPCH Short OPCH News OPCH Articles OPCH Message Board
Get OPCH Alerts

News, Short Squeeze, Breakout and More Instantly...