Monitor for stockholder and regulatory approvals over the coming months; the deal is expected to close in H1 2027. Watch for any competing bids or antitrust scrutiny given McKesson's existing specialty distribution footprint.
Price Chart
Executive Summary
McKesson, alongside private equity firm CDR, has entered into a definitive agreement to acquire Option Care Health (OPCH) for $32.05 per share, representing a total enterprise value of approximately $5.8 billion. McKesson will invest approximately $1.4 billion for a 49% minority stake, with CDR holding the majority 51% interest. The transaction aligns with McKesson's strategy to expand in specialty care and community-based infusion services.
Key Facts
- McKesson to invest approximately $1.4 billion for a ~49% minority stake in Option Care Health.
- Total enterprise value of the acquisition is approximately $5.8 billion, or $32.05 per share.
- The per-share price represents a ~37% premium to OPCH's closing price on October 5, 2026.
- CDR will hold a ~51% majority interest; McKesson holds ~49% minority interest.
- Transaction expected to close in the first half of calendar year 2027.
- Option Care Health will become a privately held company and its stock will be delisted from Nasdaq.
- The agreement includes a framework for McKesson's future acquisition of CDR's interest, subject to conditions and regulatory approvals.
- McKesson will account for its minority interest using the equity method of accounting.
Financial Impact
McKesson deploying ~$1.4B in cash for a 49% stake in a ~$5.8B enterprise value transaction; strategic expansion into high-growth home infusion services.
Risk Factors
- Failure to obtain Option Care Health stockholder approval or required regulatory clearances.
- Integration or operational risks if the transaction is delayed or blocked.
- Potential impairment charges if expected growth or synergies are not realized.
- McKesson's minority stake limits control over Option Care Health's strategic direction.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000927653-26-000253 |
| Document: mck-20261006.htm | 0000927653-26-000253 |
| Document: 0000927653-26-000253-index-headers.html | 0000927653-26-000253 |
| Document: 0000927653-26-000253-index.html | 0000927653-26-000253 |
| Document: 0000927653-26-000253.txt | 0000927653-26-000253 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 12, 2026 15d ago | Institutional Cluster | $955.76 $1,010.43 | ▲ +5.72% | ▲ +7.21% | $981.84 (+2.73%) |
Oct 6, 2026 21d ago | 8-K | $921.67 $961.88 | ▲ +4.36% | ▲ +4.50% | $981.84 (+6.53%) |
Aug 28, 2026 8w ago | 8-K | $885.32 $896.29 | ▲ +1.24% | ▲ +1.38% | $981.84 (+10.90%) |
Aug 1, 2026 12w ago | GOVT-CONTRACT | $827.14 $879.87 | ▲ +6.38% | ▲ +4.35% | $981.84 (+18.70%) |
Jul 1, 2026 16w ago | 8-K | $768.06 $807.33 | ▲ +5.11% | ▲ +4.85% | $981.84 (+27.83%) |
Jul 1, 2026 16w ago | GOVT-CONTRACT | $786.30 $805.96 | ▲ +2.50% | ▲ +1.13% | $981.84 (+24.87%) |
Jun 30, 2026 16w ago | DEFA14A | $768.06 $807.33 | ▲ +5.11% | ▲ +4.85% | $981.84 (+27.83%) |
Jun 12, 2026 19w ago | DEFA14A | $779.78 $744.85 | ▼ −4.48% | ▼ −3.10% | $981.84 (+25.91%) |
Jun 12, 2026 19w ago | 8-K | $784.05 $750.63 | ▼ −4.26% | ▼ −4.94% | $981.84 (+25.23%) |
Jun 8, 2026 20w ago | Insider Cluster | $766.64 $779.78 | ▲ +1.71% | ▼ −0.40% | $981.84 (+28.07%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers