OPTION CARE HEALTH ANNOUNCES ISSUANCE OF $250

OPTION CARE HEALTH ANNOUNCES ISSUANCE

OF $250 MILLION IN ADDITIONAL FIRST LIEN TERM LOAN AND CONCURRENT EXTINGUISHMENT OF ALL OUTSTANDING SECOND LIEN NOTES

BANNOCKBURN, Ill., January 21, 2021 -- Option Care

Health Inc. (NASDAQ: OPCH)("Option Care Health" or the Company"), the nation's largest independent home

and alternate site infusion services provider, announced today that it has successfully issued $250 million in additional first

lien term loans, the proceeds from which were used to extinguish the entire $246 million remaining outstanding balance of the Company's

The terms of the additional first lien term loans, including

the maturity date of August 2026, are consistent with the Company's existing first lien credit agreement. The Company's

existing first lien term loans currently bear interest at Libor plus 4.25%; however, subsequent to the effective date of the incurrence

of the incremental term loans, all first lien term loans will bear interest at Libor plus 3.75%. The interest rate on the extinguished

second lien notes was Libor plus 8.75%.

As a result of the debt transaction described above, the Company

has further simplified its capital structure and reduced its cash interest burden. The additional first lien term loan issuance

and related retirement of second lien notes will be reflected in the Company's first quarter 2021 financial results.

About Option Care Health

Option Care Health is the nation's largest independent

provider of home and alternate site infusion services. With over 5,000 teammates, including approximately 2,900 clinicians, we

work compassionately to elevate standards of care for patients with acute and chronic conditions in all 50 states. Through our

clinical leadership, expertise and national scale, Option Care Health is reimagining the infusion care experience for patients,

customers and teammates.

For Investor Inquiries:

Mike Shapiro, Chief Financial Officer