Walgreens Infusion Services, a provider of home and alternate treatment site infusion services, has rebranded itself as Option Care. Madison Dearborn Partners is the majority owner while Walgreen Co, a subsidiary of Walgreens Boots Alliance Inc, is the minority owner.
DEERFIELD, Ill.–(BUSINESS WIRE)–Option Care, a new, independent infusion services company previously known as Walgreens Infusion Services, today unveiled its new name and company branding. Option Care is majority owned by Madison Dearborn Partners (MDP), a leading private equity firm based in Chicago; and minority owned by Walgreen Co., a wholly owned subsidiary of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), and is positioned to capitalize on the $14 billion and growing alternate site infusion market.
Option Care, with its dedicated focus on the U.S. infusion market, benefits from the agility of being an independent company with additional investment and access to the expertise, capabilities and resources of MDP while having access to continued collaboration with Walgreens.
“Option Care allows people across the country to receive high quality medical services at home and in other patient-preferred, comfortable and cost-efficient settings,” said Paul Mastrapa, CEO of Option Care. “The infusion market is growing approximately ten percent per year, and Option Care is positioned to provide exceptional clinical care every step of the way. We’re a strategic health care partner that can continue to make emerging therapies readily accessible throughout the country, serving the rapidly increasing number of Americans who rely on these treatments.”
One of the nation’s largest providers of home and alternate site infusion services, Option Care has the ability to serve more than 90 percent of the U.S. population, with 92 infusion pharmacies and 110 alternate treatment sites in 40 states, and almost 5,000 employees.
New Name and Brand
The Option Care name is already well-known among patients and health care providers. In 2007, Walgreens acquired an independent infusion company called Option Care that had operated as a local and regional leader for more than 20 years.
The new Option Care builds upon the legacy of that established brand with a new energy and ambition for the future. The company’s new logo also was unveiled today – a bold and colorful symbol that celebrates the company’s clinical expertise and goal to be a connected part of the healthcare system. It includes a multi-colored segment design representing the range of Option Care’s service offerings, customer segments, and primary therapy areas, including nutrition, anti-infectives, heart failure, immune system disorders, bleeding disorders and many other conditions.
With industry respect and longstanding trusted and integrated partnerships with patients, caregivers, payers, pharmaceutical manufacturers and other healthcare providers, the new Option Care is poised to become the leading alternate site infusion provider by focusing on exceptional, innovative, patient-centric clinical care.
About Option Care
Option Care, formerly Walgreens Infusion Services, offers clinical care provided by specially trained infusion nurses and pharmacists who treat patients with a wide range of acute, chronic and rare conditions. As one of the nation’s largest providers of home and alternate treatment site infusion services, Option Care has 92 infusion pharmacies and 110 alternate treatment sites across the country. Learn more at www.OptionCare.com.
About Madison Dearborn Partners
Madison Dearborn Partners (MDP), based in Chicago, is a leading private equity investment firm in the United States. Since MDP’s formation in 1992, the firm has raised six funds with aggregate capital of over $18 billion and has completed approximately 125 investments. MDP invests in businesses across a broad spectrum of industries, including health care; basic industries; business and government services; consumer; financial and transaction services; and telecom, media and technology services. Its health care investments include Ikaria, Kaufman Hall, National Mentor Holdings, Sage Products, Sirona Dental, Team Health and VWR International. For more information, please visit http://www.mdcp.com/.