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Option Care Health, Inc. - OPCH STOCK NEWS

Welcome to our dedicated page for Option Care Health news (Ticker: OPCH), a resource for investors and traders seeking the latest updates and insights on Option Care Health stock.

Option Care Health, Inc. (symbol: OPCH) is the largest independent provider of home and alternate site infusion services in the United States. With a dedicated team of over 7,500 members, including more than 4,500 clinicians, the company is at the forefront of delivering compassionate care to patients with acute and chronic conditions across all 50 states.

Formed from the merger of Option Care and BioScrip in August 2019, the company has successfully integrated its operations to create a unified national team. This merger has enabled Option Care Health to leverage its clinical leadership, extensive expertise, and national scale to reimagine the infusion care experience for patients, customers, and employees.

Option Care Health specializes in providing a variety of infusion therapies, including treatments for bleeding disorders, neurological conditions, heart failure, anti-infectives, and chronic inflammatory disorders. The company operates through home and alternate site settings, ensuring that patients receive care in a comfortable and convenient environment.

Recent achievements include strong financial performance, as highlighted in the company's third-quarter 2023 results. The CEO, John C. Rademacher, emphasized the outstanding clinical outcomes and extraordinary patient care that have contributed to these solid financial results. For the full year 2023, the company expects to generate substantial revenues and has provided updated financial guidance, reflecting its robust financial health.

The company's commitment to innovation is evident in its continuous efforts to elevate standards of care. Its clinical leadership and national scale allow Option Care Health to implement cutting-edge solutions that improve patient outcomes, reduce costs, and enhance the overall care experience.

Option Care Health's significant partnerships and collaborations further strengthen its market position. The company recently announced an increase in its share repurchase program authorization from $250 million to $500 million, demonstrating its confidence in its financial stability and future growth prospects.

For more information and the latest updates, please visit Option Care Health's Investor Relations page.

News

Option Care Health Reports Financial Results for Fourth Quarter and Full Year 2023

Rhea-AI Summary
Option Care Health, Inc. (OPCH) reported strong financial results for Q4 and full year 2023, with net revenue reaching $1,124.4 million and $4,302.3 million, respectively. The company saw increases in gross profit, net income, adjusted EBITDA, and cash flow from operations. Share repurchases totaling $250 million were fulfilled, with an additional $250 million authorized. CEO John C. Rademacher highlighted the focus on clinical excellence and patient care. The company provided financial guidance for 2024, expecting net revenue of $4.6 billion to $4.8 billion, adjusted EBITDA of $425 million to $450 million, and cash flow from operations of at least $300 million.
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Option Care Health to Announce Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call

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Option Care Health Inc. will release its fourth quarter and full year results on February 22, 2024. The management team will host a conference call to review the results. Participants can pre-register for the call and access it via live audio webcast. A replay will be available for on-demand listening.
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Option Care Health Selects Palantir’s Artificial Intelligence Platform for Enterprise-Wide Digital Transformation

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Palantir Technologies Inc. (PLTR) and Option Care Health Inc. (OPCH) announced a multi-year commercial partnership to leverage Palantir's AI software to improve patient outcomes and increase efficiency. Option Care Health will use Palantir's Artificial Intelligence Platform (AIP) across nurse scheduling, patient onboarding, purchasing optimization, and supply chain execution. The partnership aims to optimize visits per day, increase patient face time with clinicians, reduce administrative burden, and ensure stockage of drugs and medical supplies while preventing overstocking. Palantir's software is also used across government health organizations, including the National Institutes of Health and the U.K.'s National Health Service.
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Option Care Health to Participate in the J.P. Morgan Healthcare Conference

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Option Care Health Inc. (OPCH) to participate in the 42nd Annual J.P. Morgan Healthcare Conference on January 9, 2024, with a presentation at 3:00pm PT. The webcast and presentation materials will be available online at the company's investor relations website.
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Option Care Health Announces Increased Share Repurchase Authorization

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Option Care Health, Inc. (OPCH) announced plans to complete the remaining $75 million of repurchases in Q4 and an increase in share repurchase program authorization from $250 million to $500 million, with no specified expiration date.
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Option Care Health To Participate In Upcoming Investor Conferences

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Option Care Health Inc. (OPCH) to Participate in Investor Conferences, Including Jefferies London Healthcare Conference and Bank of America Events, Webcast Links Available Online
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Option Care Health Announces Financial Results for the Third Quarter Ended September 30, 2023

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Option Care Health, Inc. reports financial results for Q3 2023, with net revenue of $1.09 billion, up 7.1% compared to the previous year. Gross profit increases by 16.6% to $254.3 million. Net income rises by 45.0% to $56.3 million. Adjusted EBITDA grows by 28.2% to $109.8 million. Cash flow from operations is $61.0 million. Full year 2023 guidance includes net revenue of $4.23 billion to $4.28 billion, adjusted EBITDA of $420 million to $425 million, and cash flow from operations of at least $350 million.
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Option Care Health to Announce Third Quarter 2023 Financial Results and Host Conference Call

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Option Care Health Inc. will release Q3 2023 results on October 25, 2023 before the market opens. A conference call will be held at 8:30 a.m. ET to review the results. Participants can pre-register for the call at the provided link. A replay will be available for on-demand listening.
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Option Care Health to Participate in Upcoming Investor Conference

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Option Care Health Inc. to participate in Morgan Stanley conference
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Option Care Health Announces Financial Results for the Second Quarter Ended June 30, 2023

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Option Care Health, Inc. (OPCH) reports strong second quarter 2023 financial results, with net revenue up 9.0% to $1,069.1 million, gross profit up 15.6% to $250.8 million, and net income up 237.2% to $114.4 million. The company also updated its full year 2023 financial guidance, expecting net revenue of $4.2 billion to $4.3 billion, adjusted EBITDA of $415 million to $425 million, and cash flow from operations of at least $350 million.
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FAQ

What is the current stock price of Option Care Health (OPCH)?

The current stock price of Option Care Health (OPCH) is $22.91 as of December 20, 2024.

What is the market cap of Option Care Health (OPCH)?

The market cap of Option Care Health (OPCH) is approximately 3.8B.

What services does Option Care Health provide?

Option Care Health provides home and alternate site infusion services, including treatments for bleeding disorders, neurological conditions, heart failure, anti-infectives, and chronic inflammatory disorders.

How many states does Option Care Health operate in?

Option Care Health operates in all 50 states across the United States.

Who are the key team members at Option Care Health?

Option Care Health has over 7,500 team members, including more than 4,500 clinicians, who are dedicated to providing compassionate care to patients.

What recent financial achievements has Option Care Health reported?

In the third quarter of 2023, Option Care Health reported strong financial results, with significant revenue generation and positive financial guidance for the full year 2023.

What was the impact of the merger between Option Care and BioScrip?

The merger created a unified national team, allowing the company to leverage clinical leadership, extensive expertise, and national scale to enhance the infusion care experience.

How does Option Care Health ensure quality care?

Option Care Health ensures quality care through its clinical leadership, extensive expertise, and a commitment to compassionate patient care across all its services.

What is the focus of Option Care Health's innovation?

Option Care Health focuses on improving patient outcomes, reducing costs, and enhancing the overall care experience through cutting-edge solutions and clinical excellence.

What is Option Care Health's share repurchase program?

Option Care Health's share repurchase program was recently increased from $250 million to $500 million, reflecting the company's financial stability and growth prospects.

Where can investors find more information about Option Care Health?

Investors can find more information on Option Care Health's Investor Relations page at https://investors.optioncarehealth.com.

How can patients receive care from Option Care Health?

Patients can receive care from Option Care Health through home and alternate site settings, providing comfort and convenience during their treatment.

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Option Care Health, Inc.

Nasdaq:OPCH

OPCH Rankings

#1462 Ranked by Market Cap
N/A Ranked by Dividends

OPCH Stock Data

3.82B
169.24M
0.55%
107.39%
2.29%
Medical Care Facilities
Services-home Health Care Services
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United States of America
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