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BioScrip, Inc. Provides Merger Update DENVER, CO

Key Takeaway: Inc. Provides Merger Update April 23, 2019 - BioScrip, Inc. (NASDAQ: BIOS) ("BioScrip" or the "Company"), the largest independent national provider of infusion and home care management solutions, today provided an update on its proposed merger with Option Care Enterprises, Inc

Full Press Release Details

Inc. Provides Merger Update
April 23, 2019 - BioScrip, Inc. (NASDAQ: BIOS) ("BioScrip" or the "Company"), the largest independent
national provider of infusion and home care management solutions, today provided an update on its proposed merger with Option
Care Enterprises, Inc. ("Option Care").
received notification on April 8, 2019, that early termination of the Hart-Scott-Rodino Antitrust Improvements Act
of 1976 ("HSR Act") waiting period has been granted for the Company's proposed merger with Option Care.
expects to file the preliminary Option Care merger proxy statement the week of April 29, 2019 with the U.S. Securities and Exchange
Commission ("SEC"). After the proxy statement is filed, management from both BioScrip and Option Care plan to conduct
joint analyst and investor meetings. As part of the analyst and investor meetings, the Company will file an investor presentation
with the SEC that will include a business and merger update. The Company will release its first quarter 2019 financial results
after the proxy statement filing.
continues to anticipate that its merger with Option Care will close in the second half of 2019.
is the largest independent national provider of infusion and home care management solutions, with approximately 2,100 teammates
and nearly 70 service locations across the U.S. BioScrip partners with physicians, hospital systems, payors, pharmaceutical manufacturers
and skilled nursing facilities to provide patients access to post-acute care services. BioScrip operates with a commitment to
bring customer-focused pharmacy and related healthcare infusion therapy services into the home or alternate-site setting. By collaborating
with the full spectrum of healthcare professionals and the patient, BioScrip provides cost-effective care that is driven by clinical
excellence, customer service, and values that promote positive outcomes and an enhanced quality of life for those it serves.
Stephen Deitsch Kalle Ahl, CFA
Chief Financial Officer & Treasurer The Equity Group
T: (720) 697-5200 T: (212) 836-9614
stephen.deitsch@bioscrip.com kahl@equityny.com
Statements - Safe Harbor
in addition to historical information, contains "forward-looking statements" (as defined in the Private Securities
Litigation Reform Act of 1995) regarding, among other things, future events or the future financial performance of BioScrip and
Option Care. All statements other than statements of historical facts are forward-looking statements. In addition, words such
as "anticipate," "believe," "contemplate," "continue," "could," "estimate,"
"expect," "intend," "may," "plan," "potential," "predict,"
"project," "seek," "should," "target," "will," "would,"
or the negative of these words, and words and terms of similar substance used in connection with any discussion of future plans,
actions or events identify forward-looking statements. Forward-looking statements relating to the proposed transaction include,
but are not limited to: statements about the benefits of the proposed transaction between BioScrip and Option Care, including
future financial and operating results; expected synergies; BioScrip's and Option Cares plans, objectives, expectations
and intentions; the expected timing of completion of the proposed transaction; and other statements relating to the acquisition
that are not historical facts. Forward-looking statements are based on information currently available to BioScrip and Option
Care and involve estimates, expectations and projections. Investors are cautioned that all such forward-looking statements are
subject to risks and uncertainties (both known and unknown), and many factors could cause actual events or results to differ materially
from those indicated by such forward-looking statements. With respect to the proposed transaction between BioScrip and Option
Care, these factors could include, but are not limited to: the risk that BioScrip or Option Care may be unable to obtain governmental
and regulatory approvals required for the transaction, or that required governmental and regulatory approvals may delay the transaction
or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the
parties to abandon the proposed transaction; the risk that a condition to closing of the transaction may not be satisfied; the
length of time necessary to consummate the proposed transaction, which may be longer than anticipated for various reasons; the
risk that the businesses will not be integrated successfully; the risk that the cost savings, synergies and growth from the proposed
transaction may not be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related
issues; the effect of future regulatory or legislative actions on the companies or the industries in which they operate; the risk
that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect; economic
and foreign exchange rate volatility; and the other risks contained in BioScrip's most recently filed Annual Report on Form
risks, uncertainties and assumptions are beyond BioScrip's ability to control or predict. Because of these risks, uncertainties
and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements
speak only as of the information currently available to the parties on the date they are made, and neither BioScrip nor Option
Care undertakes any obligation to update publicly or revise any forward-looking statements to reflect events or circumstances
that may arise after the date of this communication. Nothing in this communication is intended, or is to be construed, as a profit
forecast or to be interpreted to mean that earnings per BioScrip share for the current or any future financial years or those
of the combined company, will necessarily match or exceed the historical published earnings per BioScrip share, as applicable.
Neither BioScrip nor Option Care gives any assurance (1) that either BioScrip or Option Care will achieve its expectations, or
(2) concerning any result or the timing thereof, in each case, with respect to any regulatory action, administrative proceedings,
government investigations, litigation, warning letters, consent decrees, cost reductions, business strategies, earnings or revenue
trends or future financial results. All subsequent written and oral forward-looking statements concerning BioScrip, Option Care,
the proposed transaction, the combined company or other matters and attributable to BioScrip or Option Care or any person acting
on their behalf are expressly qualified in their entirety by the cautionary statements above.
INFORMATION AND WHERE TO FIND IT
("BioScrip" or the "Company") will file with the Securities and Exchange Commission ("SEC")
a proxy statement in connection with the proposed transaction. The proxy statement will contain important information about the
proposed transaction and related matters. INVESTORS AND SECURITY HOLDERS ARE URGED AND ADVISED TO READ THE PROXY STATEMENT WHEN
IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. The proxy statement and other relevant materials (when they
become available) and any other documents filed by the Company with the SEC may be obtained free of charge at the SEC's
website, at www.sec.gov. In addition, security holders will be able to obtain free copies of the proxy statement and other relevant
materials from the Company by contacting Investor Relations by mail at 1600 Broadway, Suite 700, Denver, CO 80202, Attn: Investor
Relations, by telephone at (720) 697-5200, or by going to the Company's Investor Relations page on its corporate web site
and its directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in
connection with the matters discussed above. Information about the Company's directors and executive officers is set forth
in the Proxy Statement on Schedule 14A for the Company's 2018 annual meeting of stockholders, which was filed with the SEC
on April 4, 2018. This document can be obtained free of charge from the sources indicated above. Information regarding the ownership
of the Company's directors and executive officers in the Company's securities is included in the Company's SEC
filings on Forms 3, 4, and 5, which can be found through the SEC's website at www.sec.gov. Other information regarding the
participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise,
will be contained in the preliminary proxy statement and the definitive proxy statement and other relevant materials to be filed
with the SEC when they become available.
Last updated: Apr 23, 2019