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BioScrip, Inc. (BIOS) Acquires HS Infusion Holdings, Inc.

BioScrip, Inc. (NASDAQ: BIOS) recently announced that it has acquired HS Infusion Holdings, Inc. (“Home Solutions”). The acquisition is expected to enhance BioScrip’s position as a leading provider of infusion services. BioScrip, Inc. is acquiring all of Home Solutions’ assets, as well as some of the company’s liabilities. Both companies are focused on higher margin, core-infusion therapies.

The total transaction consideration is $85 million, with the closing consideration made up of an $80 million cash payment as well as $5 million in shares. The combination of the two companies is expected to generate more than $1 billion a year in revenues beginning in 2017. Aside from growing BrioScrip’s financial results, the combination of the two companies is also expected to result in over $14 million of synergies in the next year and a half.

Following the acquisition, Rick Smith will become vice-chairman of the board of directors at BioScrip, while Daniel Greenleaf will be named president, CEO, and a member of BioScrip, Inc.’s board of directors. Jeffrey Kreger, CFO of BioScrip, will serve as the combined company’s chief financial officer.

In a recent news release, Greenleaf added, “We are committed to our mission to provide national reach and local care, and look forward to realizing the meaningful benefits this transaction provides for our employees, customers, and patients. We are confident in our integration plans and our commitment to achieving the expected synergies and financial targets. Overall, we are well-positioned to continue to be a leading infusion company in the attractive post-acute segment. I am honored to lead our combined team of talented employees and look forward to working to advance BioScrip’s growth, create value and drive further success.”

For more information, visit www.BioScrip.com

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