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Key Takeaway: BIOSCRIP PRICES UNDERWRITTEN OFFERING DENVER, CO, June 16, 2016 - BioScrip, Inc. (NASDAQ: BIOS) (the "Company" or "BioScrip") today announced the pricing of an underwritten offering of 40,000,000 shares of its common stock (the "Offering") at a price to the public of $2.00 per

Full Press Release Details

BIOSCRIP PRICES UNDERWRITTEN OFFERING
DENVER, CO, June 16, 2016 - BioScrip,
Inc. (NASDAQ: BIOS) (the "Company" or "BioScrip") today announced the pricing of an underwritten offering
of 40,000,000 shares of its common stock (the "Offering") at a price to the public of $2.00 per share (the "Offering
Price"). Jefferies LLC is acting as the lead joint book-running manager and SunTrust Robinson Humphrey, Inc. is acting as
a passive book-running manager. Craig-Hallum Capital Group LLC is acting as a co-manager. The Company has granted the underwriters
an option for a period of 30 days to purchase up to an additional 5,200,000 shares of the Company's common stock at the Offering
Price. The Company expects to receive approximately $73.38 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 $83.15 million if the underwriters exercise their option to purchase additional
The Offering is being made pursuant to
a registration statement previously filed and declared effective by the Securities and Exchange Commission (the "SEC").
A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are
available on the SEC's website at http://www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating
to this offering, when available, may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520
Madison Avenue, 12th Floor, New York, New York, 10022, Telephone: 877-547-6340, Email: Prospectus_Department@Jefferies.com.
This press release does not constitute
an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
About BioScrip, Inc.
BioScrip, Inc. is a leading national provider
of infusion and home care management solutions. BioScrip partners with physicians, hospital systems, skilled nursing facilities,
healthcare payors, and pharmaceutical manufacturers 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.
Forward-Looking Statements - Safe Harbor
release includes statements that may constitute "forward-looking statements," that involve substantial risks and uncertainties.
These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by the fact that they do not relate strictly to historical or current facts. In some cases, forward-looking
statements can be identified by words such as "may," "should," "could," "anticipate," "estimate,"
"expect," "project," "intend," "plan," "believe," "predict," "potential,"
"continue" or comparable terms. These forward-looking statements include, among others, statements about the
Company's expectations with respect to the proposed offering, including its intention to offer and sell shares and its intended
use of proceeds from the Offering. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors, which may cause actual results to be materially different from any results expressed or implied by such forward-looking
statements. For example, there are risks associated with market conditions, the underwriters fulfilling its obligations to purchase
the shares in the Offering and the Company's ability to satisfy certain conditions precedent to the closing of the Offering;
as well as the risks described in the prospectus supplement and the Company's periodic filings
with the Securities and Exchange Commission, including, but not limited to, the Company's annual report on Form 10-K for
the year ended December 31, 2015. The Company does not undertake any duty to update these forward-looking statements after
the date hereof, even though the Company's situation may change in the future. All of the forward-looking statements
herein are qualified by these cautionary statements.
For Further Information:
BioScrip Chief Financial Officer
(303) 766-4343 or (303) 518-7100
Last updated: Jun 16, 2016