Attached files

file filename
EX-1.1 - EXHIBIT 1.1 - Option Care Health, Inc.v341930_ex1-1.htm
EX-5.1 - EXHIBIT 5.1 - Option Care Health, Inc.v341930_ex5-1.htm
EX-99.1 - EXHIBIT 99.1 - Option Care Health, Inc.v341930_ex99-1.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 19, 2013

 

BIOSCRIP, INC.

(Exact name of Registrant as specified in its charter)

  

Delaware   000-28740   05-0489664
(State of Incorporation)   (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

100 Clearbrook Road, Elmsford, New York   10523
(Address of principal executive offices)   (Zip Code)

  

Registrant’s telephone number, including area code: (914) 460-1600

 

N/A

(Former name or former address, if changed since last report)

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 1.01 – Entry into a Material Definitive Agreement.

 

 

On April 19, 2013, BioScrip, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”), among the Company, certain selling stockholders named therein (the “Selling Stockholders”) and Jefferies LLC, Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey, Inc., as representatives for the underwriters named therein, relating to an underwritten public offering of 12,500,000 shares of its common stock, including 3,125,000 shares of common stock offered by the Selling Stockholders, $.0001 par value per share, at a price to the public of $12.00 per share (the “Offering Price”). Under the terms of the Underwriting Agreement, the Company and the Selling Stockholders collectively granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock at the Offering Price less underwriting discounts and commissions and other offering expenses payable by the Company. The Company expects to receive approximately $106.5 million in net proceeds from the offering after deducting underwriting discounts and commissions and other offering expenses payable by the Company, assuming no exercise by the underwriters of their option to purchase additional shares, or approximately $118.2 million if the underwriters exercise their option to purchase additional shares in full. Jefferies, Morgan Stanley and SunTrust Robinson Humphrey are acting as Joint Book-Running Managers. Dougherty & Company and Noble Financial Capital Markets are acting as Co-Managers. The shares are expected to be delivered to the underwriters on or about April 24, 2013, subject to the satisfaction of customary closing conditions.

The offering is being made pursuant to the Company’s effective registration statement on Form S-3 (Registration Statement No. 333-187336) previously filed with the Securities and Exchange Commission and a preliminary and final prospectus supplement thereunder. A copy of the Underwriting Agreement executed in connection with the offering is filed herewith as Exhibit 1.1 and is incorporated herein by reference. The Underwriting Agreement contains representations, warranties and covenants of the Company that are customary for transactions of this type and customary conditions to closing. Additionally, the Company has agreed to provide the underwriters with customary indemnification rights under the Underwriting Agreement. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such Exhibit.

The opinion of the Company’s counsel regarding the validity of the shares issued in this offering is filed herewith as Exhibit 5.1.

 

Item 8.01 – Other Events.

 

On April 19, 2013, the Company issued a press release announcing the pricing of the public offering. A copy of the press release is furnished as Exhibit 99.1 to this report.

 

Item 9.01 – Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number Description
1.1 Underwriting Agreement among the Company, certain selling stockholders named therein and Jefferies LLC, Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey, Inc. as representatives for the underwriters named therein, dated as of April 19, 2013.
5.1 Opinion of Dechert LLP.
23.1 Consent of Dechert LLP (contained in its opinion filed as Exhibit 5.1).
99.1 Press Release dated April 19, 2013.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

         
    BIOSCRIP, INC.
     
Date: April 19, 2013   By:   /s/ Kimberlee C. Seah  
        Kimberlee C. Seah  
        Senior Vice President and General Counsel 

 

 
 

 

Index to Exhibits

 

Exhibit Number Description
1.1 Underwriting Agreement among the Company, certain selling stockholders named therein and Jefferies LLC, Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey, Inc. as representatives for the underwriters named therein, dated as of April 19, 2013.
5.1 Opinion of Dechert LLP.
23.1 Consent of Dechert LLP (contained in its opinion filed as Exhibit 5.1).
99.1 Press Release dated April 19, 2013.