Table of Contents

As filed with the Securities and Exchange Commission on April 13, 2017

Registration June 26, 2020

No. 333-216631

333-    

UNITED STATES STATED
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549




AMENDMENT NO. 1
to
Form

FORM S-3

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933




BioScrip, Inc.

OPTION CARE HEALTH, INC.

(Exact name of registrant as specified in its charter)



Delaware

05-0489664

(State or other jurisdiction of incorporation
incorporation
 or organization)

05-0489664
(I.R.S. Employer
Identification No.)

1600 Broadway,

3000 Lakeside Drive
Suite 700300N
Denver, Colorado 80202Bannockburn, Illinois 60015
(720) 697-5200

(312) 940-2443
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)


Mike Shapiro

Chief Financial Officer

3000 Lakeside Drive

Kathryn M. Stalmack, Esq.
Senior Vice President, Secretary and General Counsel
BioScrip, Inc.
1600 Broadway, Suite 700
Denver, Colorado 80202
(720) 697-5200

300N

Bannockburn, Illinois 60015

(312) 940-2443

(Name, address, including zip code, and telephone number, including area code, of agent for service)




Copies of all communications, including communications sent to agent for service, should be sent to:

Scott

Joshua N. Korff

Ross M. Zimmerman, Esq.Leff
DechertKirkland & Ellis LLP
1095 6th Ave

601 Lexington Avenue

New York, NY 10036
10022

United States

(212) 698 3613 (phone)
(212) 698 3599 (fax)



446-4800

Approximate date of commencement of proposed sale to the public:From time to time after the effective date of this Registration Statement.Statement becomes effective.


If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.o

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.þx

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.o

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Actact registration statement number of the earlier effective registration statement for the same offering.o

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.o

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” accelerated filer”“accelerated filer,” “smaller reporting company” and “smaller reporting“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Fileraccelerated filer o

Accelerated filer x

Accelerated Filer

þNon-accelerated filer

Non-Accelerated Filero

Smaller Reporting Companyreporting company o

(Do not check if a smaller reporting company)
Emerging Growth Company
o



 


TABLE OF CONTENTSIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   o

CALCULATION OF REGISTRATION FEE

    
Title of Each Class of Securities to be Registered Amount to be
Registered(1)(2)
 Proposed
Maximum
Offering Price
per Security(3)
 Proposed
Maximum
Aggregate Offering
Price(3)
 Amount of
Registration Fee(4)
Common Stock  7,093,750  $1.98  $14,045,625  $1,627.89 
Series D Preferred Stock Purchase Rights(5)  7,093,750          

 

 

 

 

 

 

 

 

 

 

Title of Each Class of Securities
to be Registered

 

Amount
to be 
Registered

 

Proposed Maximum
Offering Price
Per Unit

 

Proposed Maximum
Aggregate
Offering Price

 

Amount of
Registration Fee

 

Primary Offering

 

(1)

 

 

 

(2)

 

 

 

Common Stock, $0.0001 par value per share

 

 

 

 

 

 

 

 

 

Preferred Stock, $0.0001 par value per share

 

 

 

 

 

 

 

 

 

Warrants

 

 

 

 

 

 

 

 

 

Subscription Rights

 

 

 

 

 

 

 

 

 

Depositary Shares(3)

 

 

 

 

 

 

 

 

 

Units(4)

 

 

 

 

 

 

 

 

 

Total Primary

 

 

 

 

 

$500,000,000(5)

 

$64,900(6)

 

Secondary Offering

 

 

 

 

 

 

 

 

 

Common Stock, $0.0001 par value per share

 

143,513,746

 

(7)

 

$1,902,274,703.23(8)

 

$246,915.26

 

Total Primary and Secondary

 

 

 

 

 

$2,402,274,703.23

 

$311,815.26

 

(1)

(1)As part

An indeterminate aggregate initial offering price or number of the transaction considerationsecurities of each identified class is being registered as may from time to time be offered hereunder at indeterminate prices. This registration statement also covers an indeterminate amount of securities that may be issued in exchange for, or upon conversion or exercise of, as the acquisition of HS Infusion Holdings, Inc. (“Home Solutions”), a subsidiary of Home Solutions, which is alsocase may be, the Selling Stockholder offering the shares of Common Stock of BioScrip, Inc. (the “Company”)securities registered hereunder, including any applicable anti-dilution provisions. In addition, pursuant to this registration statement, received contingent equity securities of the Company, in the form of restricted stock units (“RSUs”), issued in two tranches, Tranche A and Tranche B, with different vesting conditions. Depending on the achievement of certain earn-out conditions, the Selling Stockholder may become entitled to be issued shares of Common Stock underlying the Tranche A and Tranche B RSUs. The number of shares of Common Stock underlying the Tranche A and Tranche B RSUs is 3,093,750 and 4,000,000, respectively.

(2)The 7,093,750 shares of Common Stock registered pursuant to this registration statement are to be offered by the Selling Stockholders named herein or its transferees, donees, pledgees or other successors-in-interest. Pursuant to Rule 416416(a) under the Securities Act of 1933, as amended (the “Securities Act”). The shares, the securities being registered hereunder include such indeterminate number of shares of the Common Stock of the Companysecurities as may be issuable with respect to the sharessecurities being registered hereunder as a result of stock splits, stock dividends or similar transactions. Separate consideration may or may not be received for securities that are issuable upon conversion of, or in exchange for, or upon exercise of, convertible or exchangeable securities.

(2)

With respect to prevent dilutionthe primary offering, the proposed maximum aggregate offering price for each class of securities to be registered is not specified pursuant to Instruction II.D. of Form S-3.

(3)

Each depositary share will represent an interest in a fractional share or multiple shares of preferred stock and will be evidenced by reasona depositary receipt.

(4)

Each unit will represent an interest in two or more of anythe securities being registered hereby, which may or may not be separable from one another.

(5)

With respect to the primary offering, in no event will the aggregate initial offering price of all securities offered from time to time pursuant to the prospectus included as a part of this registration statement exceed $500,000,000.

(6)

Calculated in accordance with Rule 457(o) of the Securities Act.

(7)

With respect to the secondary offering, the proposed maximum offering price per share of common stock dividend, stock split, recapitalization or other similar transaction.will be determined from time to time in connection with, and at the time of, the sale by the holder of such securities.

(8)

(3)

Estimated solely for the purposepurposes of calculating the registration fee pursuant to Rule 457(c) underof the Securities Act. The offering price per share and aggregate offering price areAct, based uponon the average of the high and low prices per sharesale price of the Company’s Common Stock,our common stock as reported on the NASDAQ Global Select Market on March 9, 2017.

(4)Previously paid.
(5)Rights attached to the Common Stock under the Tax Asset Protection Plan described herein under the section “Description of Common Stock — Anti-Takeover Provisions — Stockholders’ Rights Plan.”June 25, 2020.

The Registrant hereby amends this Registration Statementregistration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statementregistration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statementregistration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.


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The information contained in this preliminary prospectus is not complete and may be changed. WeNeither we nor the selling stockholders may not sell these securities until the registration statementRegistration Statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and it is not solicitingthe solicitation of an offer to buy or sell these securities in any jurisdiction where the offer or sale is not permitted.

Subject to Completion, dated June 26, 2020

Prospectus

OPTION CARE HEALTH, INC.

$500,000,000

SUBJECT TO COMPLETION, DATED APRIL 13, 2017

[GRAPHIC MISSING]

BioScrip, Inc.



Common Stock
Up to 7,093,750Preferred Stock
Warrants
Subscription Rights
Depositary Shares
Units

143,513,746 shares of Common Stock
Offered by the Selling Stockholder



Stockholders

This prospectus relates to the offer and sale

We may from time to time, by the Selling Stockholder (as defined herein) of up to 7,093,750 shares of the Common Stock, par value $0.0001 per share (the “Common Stock”), of BioScrip, Inc. (the “Company”). We are registering the resale of the shares of Common Stock as required by the Asset Purchase Agreement, dated as of June 11, 2016 (as amended by the First Amendment to the Asset Purchase Agreement, dated June 16, 2016, the Second Amendment to the Asset Purchase Agreement, dated September 2, 2016, and the Third Amendment to the Asset Purchase Agreement, dated September 9, 2016, as so amended, the “Asset Purchase Agreement”) by and among HS Infusion Holdings, Inc. (“Home Solutions”), a Delaware corporation, Home Infusion Solutions, LLC, a Delaware limited liability company and a subsidiary of Home Solutions (the “Selling Stockholder”), certain subsidiaries of Home Solutions, BioScrip and HomeChoice Partners, Inc., a Delaware corporation.

Our registration of the shares of Common Stock covered by this prospectus does not mean that the Selling Stockholder will offerin one or sell any of the shares. The Selling Stockholder maymore offerings, offer and sell or otherwise dispose of the shares of Common Stock describedour common stock, preferred stock, warrants, subscription rights, depositary shares or units, at an aggregate offering price not to exceed $500 million.

The selling stockholders named in this prospectus, or as may be named in one or more prospectus supplements (the “selling stockholders”), may from time to time, through publicin one or private transactions at prevailing market prices, at prices relatedmore offerings, offering and sell up to prevailing market prices or at privately negotiated prices. See “Planan aggregate of Distribution” beginning on page 15 for more information.

143,513,746 shares of our common stock. We will not receive any of the proceeds from the sale of shares of Common Stockour common stock offered by the Selling Stockholder.selling stockholders.

The Selling Stockholder will pay all underwriting discounts

We or the selling stockholders may sell these securities to or through one or more underwriters, dealers and selling commissions, if any, in connection with the saleagents, or directly to purchasers, on a continuous or delayed basis. This prospectus describes some of the sharesgeneral terms that may apply to these securities. The specific terms of Common Stock. We have agreedany securities to pay certain expensesbe offered will be described in connection withone or more supplements to this registration statement and to indemnify the Selling Stockholder against certain liabilities. To our knowledge, as of the date of this prospectus, no underwriter or other person has been engaged to facilitate the sale of shares of Common Stock in this offering.

prospectus. You should read this prospectus anyand the applicable prospectus supplement and any related free writing prospectus carefully before you invest. Our registration of the securities covered by this prospectus does not mean that we or the selling stockholders will offer or sell any securities.

Our Common Stockcommon stock is tradedlisted on the NASDAQ Global Select Market under the symbol “BIOS.“OPCH.” On April 12, 2017,June 26, 2020, the last reported sale price of our Common Stockcommon stock was $1.41$12.79 per share.

Our Common Stock may be offered directly by the Selling Stockholder, through agents designated from time to time by the Selling Stockholder, or to or through underwriters or dealers. If any agents, underwriters or dealers are involved in the sale of any of our Common Stock, their names, and any applicable purchase price, fee, commission or discount arrangement between or among them, will be set forth, or will be calculable from the information set forth, in the applicable prospectus supplement. None of our Common Stock may be sold without delivery of the applicable prospectus supplement describing the method and terms of the offering of the Common Stock.

Investing in our Common Stocksecurities involves significanta number of risks. See “Risk Factors”Risk Factors on page 2 of this prospectus,6 to read about factors you should consider before investing in our most recent Annual Report on Form 10-K and in any applicable prospectus supplement. You should read this prospectus, any accompanying prospectus supplement, and the documents incorporated by reference herein and therein carefully before you make your investment decision.securities.



Neither the Securities and Exchange Commission (“SEC”) nor any state securities commission nor any other regulatory body has approved or disapproved of the Common Stock being offered herebythese securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.



This

The date of this prospectus is                        dated           , 20172020.


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TABLE OF CONTENTS

Page

Page

ABOUT THIS PROSPECTUS

1

4

FORWARD-LOOKING STATEMENTS

4

THE COMPANY

5

RISK FACTORS

2

6

USE OF PROCEEDS

7

SELLING STOCKHOLDERS

8

DESCRIPTION OF CAPITAL STOCK

10

DESCRIPTION OF WARRANTS

15

DESCRIPTION OF SUBSCRIPTION RIGHTS

16

DESCRIPTION OF DEPOSITARY SHARES

18

DESCRIPTION OF UNITS

19

PLAN OF DISTRIBUTION

20

LEGAL MATTERS

22

EXPERTS

22

WHERE YOU CAN FIND MORE INFORMATION

2

23

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

4

OUR COMPANYINCORPORATION OF CERTAIN INFORMATION BY REFERENCE

6
USE OF PROCEEDS7
DESCRIPTION OF COMMON STOCK8
THE SELLING STOCKHOLDER12
PLAN OF DISTRIBUTION15
LEGAL MATTERS17
EXPERTS17

24

i


TABLE OF CONTENTSNeither we nor the selling stockholders have authorized any dealer, salesperson or other person to give any information or to make any representation other than those contained or incorporated by reference in this prospectus and the applicable supplement to this prospectus or any associated free writing prospectus. In this prospectus, any reference to an applicable prospectus supplement may refer to a free writing prospectus, unless the context otherwise requires. You must not rely upon any information or representation not contained or incorporated by reference in this prospectus or the applicable prospectus supplement. This prospectus and the applicable prospectus supplement do not constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities to which they relate, nor do this prospectus and the applicable prospectus supplement constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.

ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement on Form S-3 that we filed with the U.S. Securities and Exchange Commission, or the SEC using a “shelf” registration process. The Selling Stockholder is offeringUnder this shelf process, we may, from time to time, and the selling stockholders may, from time to time, offer and sell Common Stock onlyour securities in jurisdictions where offersone or more offerings.

This prospectus provides you with a general description of the securities that we and sales are permitted.the selling stockholders may offer. Each time we or the Selling Stockholder sells the Common Stock,selling stockholders sell our securities, we will, to the extent required by law, provide a prospectus supplement and a pricing supplement containingthat contains specific information about the terms of the Common Stock being offered and the manner in which theythat offering. This prospectus may not be offered. Theused to consummate sales of our securities unless it is accompanied by a prospectus supplement may include a discussion of any risk factors or other special considerationssupplement.

You should assume that apply to the Common Stock. The prospectus supplement and any pricing supplement may also add to, update or change the information in this prospectus. If there is any inconsistency between the informationappearing in this prospectus and in aany applicable prospectus supplement is accurate as of the date on its respective cover, and that any information incorporated by reference is accurate only as of the date of the document incorporated by reference, unless we indicate otherwise. Our business, financial condition, results of operations and prospects may have changed since those dates.

If the description of the offering varies between any prospectus supplement and this prospectus, you should rely on the information in thatthe applicable prospectus supplement. You should read the entire prospectus, the prospectus supplement and any pricing supplement together with additional information described under the heading “Where You Can Find More Information” before making an investment decision.

You should rely only on the information provided in this prospectus, the related prospectus supplement, including any information incorporated by reference, and any pricing supplement. No one is authorized to provide you with information different from that which is contained, or deemed to be contained, in the prospectus, the related prospectus supplement and any pricing supplement. The Selling Stockholder is not making offers to sell Common Stock in any jurisdiction in which an offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make an offer or solicitation. You should not assume that the information in this prospectus, any prospectus supplement or any document incorporated by reference is accurate as of any date other than the date of the document in which the information is contained or other date referred to in that document, regardless of the time of sale or issuance of the Common Stock.

Unless otherwise specified or unless the context requires otherwise, all references in this prospectus to “BioScrip,” the “Company,” “we,” “us,” “our” or similar references mean BioScrip, Inc. and its subsidiaries on a consolidated basis.


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RISK FACTORS

You should carefully consider the specific risks described in our Annual Report on Form 10-K for our fiscal year ended December 31, 2016, the risk factors described under the caption “Risk Factors” in any applicable prospectus supplement, and any risk factors set forth in our other filings with the SEC pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, incorporated herein by this reference, before making an investment decision. See “Where You Can Find More Information.”

WHERE YOU CAN FIND MORE INFORMATION

Available Information

We file annual, quarterly and current reports, proxy statements and other information with the SEC. You may read and copy any of this information at the SEC’s public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at (800) SEC-0330 or (202) 942-8090 for further information on the public reference room. The SEC also maintains an Internet website that contains reports, proxy statements and other information regarding issuers, including us, who file electronically with the SEC. The address of that site iswww.sec.gov.The information contained on the SEC’s website is expressly not incorporated by reference into this prospectus.

We also maintain an Internet website atwww.bioscrip.com, which can be used to access free of charge, through the investor relations section, our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, current reports on Form 8-K, and any amendments to those reports, as soon as reasonably practicable after we electronically file such material with or furnish it to the SEC and all such reports of ours going forward. The information set forth on, or connected to, our website is expressly not incorporated by reference into, and does not constitute a part of, this prospectus.

This prospectus contains summaries of provisions contained in some of the documents discussed in this prospectus, but reference is made to the actual documents for complete information. All of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to in this prospectus have been filed or will be filed or incorporated by reference as exhibits to the registrationAny statement of which this prospectus forms a part. If any contract, agreement or other document is filed or incorporated by reference as an exhibit to the registration statement, you should read the exhibit for a more complete understanding of the document or matter involved. Do not rely on or assume the accuracy of any representation or warranty in any agreement that we have filed or incorporated by reference as an exhibit to the registration statement because such representation or warranty may be subject to exceptions and qualifications contained in separate disclosure schedules, may have been included in such agreement for the purpose of allocating risk between the parties to the particular transaction, and may no longer continue to be true as of any given date.

Incorporation of Documents by Reference

The SEC allows us to incorporate by reference information into this prospectus. This means we can disclose information to you by referring you to another document we filed with the SEC. We will make those documents available to you without charge upon your oral or written request. Requests for those documents should be directed to BioScrip, Inc., 1600 Broadway, Suite 700, Denver, Colorado 80202, Attention: Corporate Secretary, telephone: (720) 697-5200. This prospectus incorporates by reference the following documents (other than any portion of the respective filings furnished, rather than filed, under the applicable SEC rules) that we have filed with the SEC but have not included or delivered with this prospectus:

Our Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 7, 2017.
The portions of our 2017 Definitive Proxy Statement on Schedule 14A that are incorporated by reference into Part III of our 10-K for the year ended December 31, 2016, filed with the SEC on April 5, 2017.
Current Reports on Form 8-K filed on January 9, 2017, January 26, 2017, and March 2, 2017.

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The description of our Common Stock included in our amended registration statements on Form 8-A/A filed on August 1, 1996, December 4, 2002, December 14, 2006, March 4, 2009, and any amendment or report we may file with the SEC for the purpose of updating such description.
The description of our Series D Preferred Stock Purchase Rights as described in our registration statement on Form 8-A filed on August 12, 2016, and any amendment or report we may file with the SEC for the purpose of updating such description.

We are also incorporating by reference additional documents we may file pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus until the offering of the Common Stock covered by a prospectus supplement has been completed, other than any portion of the respective filings furnished, rather than filed, under the applicable SEC rules. In addition, all documents we may file pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of the registration statement of which this prospectus forms a part, and prior to effectiveness of such registration statement, shall be deemed to be incorporated by reference into this prospectus. This additional information is a part of this prospectus from the date of filing of those documents.

Any statements made in this prospectus or in a document incorporated or deemed to be incorporated by reference intoin this prospectus will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in this prospectus or in any other subsequently filed document whichthat is also incorporated or deemed to be incorporated intoby reference in this prospectus modifies or supersedes thethat statement. Any statement so modified or superseded will not, be deemed, except as so modified or superseded, to constitute a part of this prospectus. The information relating to us containedBefore making an investment in our securities, you should carefully read this prospectus, should be readany applicable prospectus supplement and any applicable free writing prospectus, together with the information in the documentsincorporated and deemed to be incorporated by reference.reference herein as described under “Incorporation of Certain Information by Reference” and the additional information described under the heading “Where You Can Find More Information.”


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CAUTIONARY NOTE REGARDING

Except where the context otherwise requires or where otherwise indicated, references in this prospectus to “Option Care Health,” the “Company,” “we,” “us,” and “our” refer to Option Care Health, Inc., a Delaware corporation.

FORWARD-LOOKING STATEMENTS

This prospectus, the accompanyingany applicable prospectus supplement and the documents incorporated by reference herein and therein may contain forward-lookingand refer to certain statements within the meaningthat are not historical facts that contain “forward-looking statements.” Some of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Exchange Act. Theythese statements can be identified by the use of forward-looking words,terms and phrases such as “may,” “will,” “should,” “could,” “would,” “estimate,” “project,” “forecast,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “target,“intend,“providing guidance” or other comparable words, or by discussions of strategy“estimate,” “expect,” “continue,” “could,” “may,” “plan,” “project,” “predict” and similar expressions and include references to assumptions that may involve risksthe Company believes are reasonable and uncertainties. Specifically, this prospectus contains, among other things, forward-looking statements about:

our abilityrelate to successfully integrate the HS Infusion Holdings, Inc. (“Home Solutions”) business into our existing businesses;
our ability to make principal and interest payments on our debt and unsecured notes and satisfy the other covenants contained in our senior secured credit facility and other debt agreements;
our high level of indebtedness;
our expectations regarding financial condition or results of operations inits future periods;
our future sources of, and needs for, liquidity and capital resources;
our expectations regarding economicprospects, developments and business conditions;
our expectations regarding legislative and regulatory changes impacting the level of reimbursement received from the Medicare and state Medicaid programs;
periodic reviews and billing audits from governmental and private payors;
our expectations regarding the size and growth of the market for our products and services;
our business strategies and our ability to grow our business;
the implementation or interpretation of current or future regulations and legislation, particularly governmental oversight of our business;
our expectations regarding the outcome of litigation;
our ability to maintain contracts and relationships with our customers;
our ability to avoid delays in payment from our customers;
sales and marketing efforts;
status of material contractual arrangements, including the negotiation or re-negotiation of such arrangements;
future capital expenditures;
our ability to hire and retain key employees;
our ability to execute our acquisition and growth strategy;
our ability to successfully integrate businesses we may acquire.

You should not place undue reliance on forward-looking statements. We caution you that these forward-lookingstrategies. Such statements are only predictions, which are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Some factors that could cause actual results to differ include, among other things:

risks associated with increased government regulation related to the health care and insurance industries in general, and more specifically, home infusion providers;
our ability to comply with debt covenants in our senior secured credit facility and unsecured notes indenture;

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risks associated with our issuance of preferred stock and warrants to certain investors (the “PIPE Investors”);
risks associated with the exchanges of the preferred Stock issued to the PIPE Investors;
risks associated with the underwritten public offering of our common stock completed on June 22, 2016;
risks associated with the retention or transition of executive officers and key employees during integration of the Home Solutions business;
our expectation regarding the interim and ultimate outcome of commercial disputes, including litigation;
unfavorable economic and market conditions;
disruptions in supplies and services resulting from force majeure events such as war, strike, riot, crime, or “acts of God” such as hurricanes, flooding, blizzards or earthquakes;
reductions in federal and state reimbursement for our products and services;
delays or suspensions of Federal and state payments for services provided;
efforts to reduce healthcare costs and alter health care financing;
effects of the 21st Century Cures Act, the Patient Protection and Affordable Care Act (“PPACA”) and the Health Care and Education Reconciliation Act of 2010, which amended PPACA, and the related accountable care organizations;
existence of complex laws and regulations relating to our business;
availability of financing sources;
declines and other changes in revenueanticipated due to the expirationa number of short-term contracts;
network lockouts and decisionsfacts, including but not limited to in-source by health insurers including lockouts with respect to acquired entities;
unforeseen contract terminations;
difficulties in the implementation and ongoing evolution of our operating systems;
difficulties with the implementation of our growth strategy and integrating businesses we have acquired or will acquire;
increases or other changes in our acquisition cost for our products;
increased competition from competitors having greater financial, technical, reimbursement, marketing and other resources could have the effect of reducing prices and margins;
disruptions in our relationship with our primary supplier of prescription products;
the level of our indebtedness and its effect on our ability to execute our business strategy and increased risk of default under our debt obligations;
introduction of new drugs, which can cause prescribers to adopt therapies for existing patients that are less profitable to us;
changes in industry pricing benchmarks, which could have the effect of reducing prices and margins; and
other risks and uncertaintiesthose described from time to time in our filingsreports filed or furnished with the SEC, includingand in Part I, Item 1Aparticular those factors set forth in the section entitled “Risk Factors” in our annual and quarterly reports filed with the SEC.

While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our Annual Reportactual results. All forward-looking statements are expressly qualified in their entirety by these cautionary statements.

All forward-looking statements speak only as of the date on Form 10-K.


which they are made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise. If we do update one or more forward-looking statements, there should be no inference that we will make additional updates with respect to those or other forward-looking statements.

THE COMPANYTABLE OF CONTENTS

OUR COMPANY

We are

Option Care Health, and its wholly-owned subsidiaries, provides infusion therapy and other ancillary health care services through a national providernetwork of infusion solutions. We partner155 locations around the United States. The Company contracts with managed care organizations, third-party payers, hospitals, physicians, hospital systems, skilled nursing facilities, healthcare payors and pharmaceutical manufacturersother referral sources to provide pharmaceuticals and complex compounded solutions to patients access to post-acute care services. We operate with a commitment to bring customer-focused pharmacy and related healthcare infusion therapy services intofor intravenous delivery in the homepatients’ homes or alternate-site setting. By collaborating with the full spectrum of healthcare professionals and the patient, we aim to provide 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 whom we serve. We were incorporated in Delaware in 1996 as MIM Corporation, with our primary business and operations consisting of pharmacy benefit management services at the time. Over the years, we have expanded our service offerings to include the Infusion Services business, which is now the primary driver of our growth strategy. As of December 31, 2016, we had a total of 75 service locations in 28 states.

other nonhospital settings. Our platform provides nationwide service capabilities and the ability to deliver clinical management services that offer patients a high-touch, community-based and home-based care environment. Our core services are provided in coordination with, and under the direction of, the patient’s physician. Our multidisciplinary team of clinicians, including pharmacists, nurses, dietitians and respiratory therapists, work with the physician to develop a plan of care suited to oureach patient’s specific needs. Whether inWe provide home infusion services consisting of anti-infectives, nutrition support, bleeding disorder therapies, immunoglobulin therapy, and other therapies for chronic and acute conditions.

HC Group Holdings II, Inc. (“HC II”) was incorporated under the laws of the State of Delaware on January 7, 2015, with its sole shareholder being HC Group Holdings I, LLC. (“HC I”). On April 7, 2015, HC I and HC II collectively acquired Walgreens Infusion Services, Inc. and its subsidiaries from Walgreen Co., and the business was rebranded as Option Care, Inc. (“Option Care”).

On March 14, 2019, HC I and HC II entered into a definitive agreement to merge with and into a wholly-owned subsidiary of BioScrip, Inc. (“BioScrip”) (the “Merger”), a national provider of infusion and home physician office, ambulatory infusion center, skilled nursing facility or other alternate sitescare management solutions, which was completed on August 6, 2019. The Merger was accounted for as a reverse merger under the acquisition method of care, we provide products, servicesaccounting for business combinations with Option Care being considered the accounting acquirer and condition-specific clinical management programs tailored to improveBioScrip being considered the carelegal acquirer. Following the close of individuals with complex health conditions suchthe transaction, BioScrip was rebranded as gastrointestinal abnormalities, infectious diseases, cancer, multiple sclerosis, organ and blood cell transplants, bleeding disorders, immune deficiencies and heart failure.Option Care Health, Inc.

We maintain our

Corporate Information

Our principal executive offices are located at 1600 Broadway,3000 Lakeside Drive, Suite 700, Denver, Colorado 80202. Our300N, Bannockburn, Illinois 60015, and our telephone number thereat that address is (720) 697-5200. The(312) 940-2443. Our website address of our website iswww.bioscrip.comwww.optioncarehealth.com. The information set forth on or connected to, our website is expressly not part of this prospectus and you should not rely on that information when making a decision whether to invest in our securities.

RISK FACTORS

Investing in our securities involves a high degree of risk. You should carefully consider the risks and uncertainties described under the caption “Risk Factors” in our Annual Report and Quarterly Reports, which are incorporated by reference into,herein. You should also consider any “Risk Factors” contained in any applicable prospectus supplement, and does not constitute ain any document that we file with the SEC after the date of this prospectus that is incorporated by reference herein. Our business, financial condition or results of operations could be materially adversely affected by any of these risks. The market or trading price of our securities could decline due to any of these risks, and you may lose all or part of this prospectus.your investment. Please note that additional risks not presently foreseen by us or that we currently deem immaterial may also impair our business and operations.


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USE OF PROCEEDS

We will receive no

Unless otherwise indicated in any applicable prospectus supplement, we intend to use the net proceeds from the sale of the Common Stockany securities offered by the Selling Stockholder.

The Selling Stockholder will pay any underwriting discounts and commissionsus under this prospectus and any similar expenses it incurs in disposingrelated prospectus supplement for our operations and for general corporate purposes. These purposes may include financing of acquisitions and capital expenditures, additions to working capital and repayment or redemption of indebtedness, among other items. Additional information on the Common Stock. We will bear all other costs, fees and expenses incurred in effectinguse of net proceeds from the registrationsale of the Common Stock coveredsecurities that we may offer from time to time by this prospectus including all registration and filing fees, fees and expenses of compliance with securities or “blue sky” laws, listing application fees, printing expenses, transfer agent’s and registrar’s fees, costs of distributing prospectuseswill be set forth in preliminary and final form as well as any supplements thereto, and fees and disbursements of counsel for the Company and all independent certified public accountants and other persons retained by the Company.


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DESCRIPTION OF COMMON STOCK

This section describes the general terms and provisions of our Common Stock. Theapplicable prospectus supplement relating to a particular offering.

We will not receive any offeringproceeds from the sale of Common Stockshares of our common stock by any selling stockholder. All of the shares of common stock offered by the Selling Stockholderselling stockholders pursuant to this prospectus will describebe sold by the selling stockholders for their own account.

SELLING STOCKHOLDERS

The selling stockholders may from time to time offer and sell any or all of the shares of common stock set forth below pursuant to this prospectus and any prospectus supplement. We are registering the resale of these shares pursuant to registration rights that we have granted to such selling stockholders.

When we refer to the “selling stockholders” in this prospectus, we mean the stockholders listed in the table below, and the donees, pledgees, transferees, assignees or other successors-in-interest and others who later come to hold any of the selling stockholders’ interest in shares of our common stock other than through a public sale, or any stockholders as may be named in one or more specific termsprospectus supplements, which will set forth the name of each of the stockholders and the number of securities beneficially owned by such stockholders that are covered by such prospectus supplement.

The following table sets forth, as of the date of this prospectus, the name of the selling stockholders and the aggregate amount of shares of common stock that the selling stockholders may offer pursuant to this prospectus. The percentage of common stock owned by the selling stockholders, both prior to and following the offering of Common Stock, includingany shares of common stock pursuant to this prospectus, is based on 176,714,792 shares of common stock outstanding as of June 24, 2020. Information with respect to beneficial ownership is based on information obtained from such selling stockholder and publicly available information. Information with respect to shares beneficially owned after the numberoffering assumes the sale of all the shares offered and no other purchases or sales of common stock.

 

 

Before the Offering

 

 

 

After the Offering

 

Name and Address of Beneficial
Owner

 

Number of
Shares

 

Percentage
of
Outstanding
Shares

 

Number of
Shares
Being
Offered

 

Number of
Shares

 

Percentage
of
Outstanding
Shares

 

HC Group Holdings I, LLC(1)

 

142,613,748

 

80.7

%

142,613,748

 

 

 

Coliseum Capital Partners, L.P.(2)

 

566,594

(3)

*

%

566,594

 

 

 

Coliseum Capital Partners II, L.P.(2)

 

126,784

(4)

*

%

126,784

 

 

 

Blackwell Partners, LLC, Series A(2)

 

206,620

(5)

*

%

206,620

 

 

 


 *Less than 1%

(1)                                 MDP HC Holdings, LLC (“MDP HC”) is the controlling equityholder of HC Group Holdings I, LLC (“HC I”). Madison Dearborn Capital Partners VI-A, L.P. (“MDCP VI-A”) is a controlling equityholder and Manager of MDP HC. Madison Dearborn Partners VI-A&C, L.P. (“MDP VI-A&C”) is the general partner of MDCP VI-A. Madison Dearborn Partners, LLC (“MDP LLC”) is the general partner of MDP VI-A&C, which in turn is the general partner of MDCP VI-A. Elizabeth Q. Betten and Timothy P. Sullivan are Managing Directors of MDP LLC, limited partners of MDP VI-A&C, serve on the board of managers of HC I and serve on our board of directors. Paul J. Finnegan and Samuel M. Mencoff are the sole members of a limited partner committee of MDP VI-A&C that (by majority vote) controls investment decisions of shares offered,held directly by MDCP VI-A, and may be deemed to control the initial offering price,disposition of shares of common stock held directly by HC I. By virtue of the relationships described in this footnote, Ms. Betten and market priceMessrs. Sullivan, Finnegan and dividend information.Mencoff may be deemed to exercise voting and dispositive power with respect to the shares of common stock held by HC I. Each of Ms. Betten, Mr. Sullivan, Mr. Finnegan, Mr. Mencoff, MDP LLC, MDP VI-A&C, MDCP VI-A and MDP HC disclaims beneficial ownership of the shares of common stock owned by HC I except to the extent of their respective pecuniary interests therein. The address for HC I, MDP HC, MDCP VI-A, MDP VI-A&C, Mr. Finnegan and Mr. Mencoff is c/o Madison Dearborn Partners, LLC, 70 W. Madison St., Suite 4600, Chicago, IL 60602.

(2)                                 Christopher Shackelton and Adam Gray are managers of (i) Coliseum Capital Management, LLC, which is the investment adviser to Coliseum Capital Partners, L.P. (“CCP”), Coliseum Capital Partners II, L.P. (“CCP2”) and Blackwell Partners LLC, Series A (“BP”) and (ii) Coliseum Capital, LLC, which is the general partner of CCP and CCP2. Accordingly, Messrs. Shackelton and Gray may be deemed to share voting and dispositive power over the shares of common stock issuable upon exercise of the Warrants (as defined below) held by each of CCP, CCP2 and BP.

(as defined below).  The business address of each of CCP, CCP2, BP, Mr. Gray and Mr. Shackelton is 105 Rowayton Avenue, Rowayton, CT 06853. Mr. Shackelton was previously a director of BioScrip and resigned in connection with the Merger.

(3)                                 Amount consists of: (i) 283,297 shares of common stock issuable upon the exercise of 283,297 Class A warrants of the Company (the “Class A Warrants”); and (ii) 283,297 shares of common stock issuable upon the exercise of 283,297 Class B warrants of the Company (the “Class B Warrants” and, together with the “Class A Warrants, the “Warrants”).

(4)                                 Amount consists of: (i) 63,392 shares of common stock issuable upon the exercise of 63,392 Class A Warrants; and (b) 63,392 shares of common stock issuable upon the exercise of Class B Warrants.

(5)                                 Amount consists of: (i) 103,310 shares of common stock issuable upon the exercise of 63,392 Class A Warrants; and (b) 103,310 shares of common stock issuable upon the exercise of Class B Warrants.

DESCRIPTION OF CAPITAL STOCK

The following is a description of our capital stock. The following is a summary, set forth below does not purport to be complete and is subject to and qualified in its entirety by reference to our amended and restated certificate of incorporation and amended and restated bylaws, each of which is incorporated by reference as an exhibit to the registration statement of which this prospectus is a part. We encourage you to read our amended and restated certificate of incorporation and amended and restated bylaws for additional information before you purchase any shares of our Common Stock.

General

Our certificate of incorporation provides that we may issue up to 250,000,000 shares of Common Stock, par value $0.0001 per share. As of March 3, 2017, 120,982,543 shares of Common Stock were outstanding.

Voting.  Holders of our Common Stock, subject to the provisions of our bylaws and the General Corporation Law of the State of Delaware, or the DGCL, relating to the fixing of a record date, are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders. The affirmative vote of a majority of the shares present in person or represented by proxy at a duly held meeting at which a quorum is present shall be the act of the stockholders. Our stockholders do not have cumulative voting rights in the election of directors. Holders of a plurality of the shares voting are able to elect all of the directors, except for the Series C Director who is designated by a majority of the voting power of the outstanding shares of Series C convertible preferred stock.

Dividends.  Holders of Common Stock are entitled to receive ratably dividends, in cash, securities, or property, as may from time to time be declared by our board of directors.

Conversion.  The shares of Common Stock are not convertible into any other series or class of securities.

Rights Upon Liquidation.  In the event of our liquidation, dissolution or winding up, the holders of our Common Stock will be entitled to share ratably in all of our assets that are available for distribution after payment in full of all of our liabilities.

Miscellaneous.  The holders of our Common Stock have no preemptive or other subscription or conversion rights. In addition, there are no redemption or sinking fund provisions applicable to our Common Stock. All outstanding shares of our Common Stock are, and the shares of Common Stock to be issued upon conversion of our Series A and Series C convertible preferred stock will be, upon payment therefor, fully paid and non-assessable. The rights, preferences and privileges of holders of our Common Stock will be subject to those of the holders of any shares of our preferred stock outstanding at any time.

Anti-Takeover Provisions

Provisions of the DGCL and our amended and restated certificate of incorporation and amended and restated bylaws could make it more difficult to acquire us by means of a tender offer, a proxy contest or otherwise, or to remove incumbent officers and directors. These provisions are expected to discourage certain types of coercive takeover practices and takeover bids that our board of directors may consider inadequate and to encourage persons seeking to acquire control of us to first negotiate with our board of directors. We believe that the benefits of increased protection of our ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure us outweigh the disadvantages of discouraging takeover or acquisition proposals because, among other things, negotiation of these proposals could result in an improvement of their terms. This summary below does not purport to be complete and is qualified in its entirety by reference to the DGCL and our amended and restated certificate of incorporation and amended and restated bylaws.


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Interested Stockholder Transactions under Delaware Law.

We are subject to Section 203 of the DGCL. Section 203 generally prohibits a Delaware corporation from engaging in any “business combination” with any “interested stockholder” for a period of three years after the date that such stockholder became an interested stockholder, unless:

before such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested holder;
upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining the number of shares outstanding those shares owned by persons who are directors and also officers and by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
on or after such date, the business combination is approved by the board of directors and authorized at an annual or special meeting of the stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder.

Section 203 defines “business combination” to include:

any merger or consolidation involving the corporation and the interested stockholder;
any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder;
subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder;
any transaction involving the corporation that has the effect of increasing the proportionate share of the stock or any class or series of the corporation beneficially owned by the interested stockholder; or
the receipt by the interested stockholder of the benefit of any loss, advances, guarantees, pledges or other financial benefits by or through the corporation.

In general, Section 203 defines “interested stockholder” as an entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation or any entity or person affiliated with or controlling or controlled by such entity or person.

Third Amended and Restated Certificate of Incorporation and(our “charter”), our Second Amended and Restated Bylaws.

Provisions in our amendedBylaws (our “bylaws”), and restated certificateprovisions of incorporation, Series A certificate of designations, Series C certificate of designations and amended and restated bylaws may have the effect of discouraging or delaying certain transactions that may result in a change in control of our company or management, including transactions in which stockholders might otherwise receive a premium for their shares, or transactions that our stockholders might otherwise deem to be in their best interests. Therefore, these provisions could adversely affect the price of our Common Stock. Among other things, our amended and restated certificate of incorporation and amended and restated bylaws:

provide that stockholders do not have cumulative voting rights.
provide that stockholders do not have the power to call a special meeting.
impose advance notice requirements and procedures with respect to stockholder proposals and the nomination of candidates for election as directors.

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��provide that the Company indemnifies our officers and directors against losses incurred in investigations and legal proceedings resulting from their services to us, which may include service in connection with takeover defense measures.
permit the Company to issue shares of Common Stock without any action by stockholders. These additional shares may be utilized for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans.

Stockholders’ Rights Plan

We have a stockholder rights plan (the “Plan”), which is intended to act as a deterrent to any person acquiring beneficial ownership of 4.9% or more of the Company’s outstanding Common Stock without the approval of the Board. The Board may, in its sole discretion, also exempt any person from triggering the Plan.applicable law. The following summarizes material terms of the Plan. This description is subject to the detailed provisions of, and is qualified by reference to, the Plan which has been filed as an exhibit to our Current Report on Form 8-K filed by the Company with the SEC on August 12, 2016.

The Rights.  One Right was issued for each outstanding share of Common Stock to stockholders of record as of the close of business on August 25, 2016. One Right will also be issued together with each share of Common Stock issued after August 25, 2016 but before the Distribution Date (as defined below) and, in certain circumstances, after the Distribution Date. Subject to the terms, provisions and conditions of the Plan, if the Rights become exercisable, each Right would initially represent the right to purchase from the Company one ten-thousandth of a share of the Company’s Series D Junior Participating Preferred Stock, par value $0.0001 per share (the “Series D Preferred Stock”) for a purchase price of $14.00 (the “Purchase Price”). If issued, each fractional share of Series D Preferred Stock would give the stockholder approximately the same dividend, voting and liquidation rights as does one share of Common Stock. However, prior to exercise, a Right does not give its holder any rights as a stockholder of the Company, including, without limitation, any dividend, voting or liquidation rights.

Initial Exercisability.  The Rights will not be exercisable until the earlier of (i) ten business days after a public announcement that a person has become an “Acquiring Person” by acquiring beneficial ownership of 4.9% or more of the Company’s outstanding Common Stock, or, in the case of a person that had beneficial ownership of 4.9% or more of the Company’s outstanding Common Stock upon execution of the Plan, by obtaining beneficial ownership of additional shares of Common Stock or (ii) ten business days (or such later date as may be specified by the Board prior to such time as any person becomes an Acquiring Person) after the commencement of a tender or exchange offer by or on behalf of a person that, if completed, would result in such person becoming an Acquiring Person.

The date that the Rights become exercisable is referred to as the “Distribution Date.” Until the Distribution Date, Common Stock certificates or the ownership statements issued with respect to uncertificated shares of Common Stock will evidence the Rights. Any transfer of shares of Common Stock prior to the Distribution Date will also constitute a transfer of the associated Rights. After the Distribution Date, separate rights certificates will be issued and the Rights may be transferred other than in connection with the transfer of the underlying shares of Common Stock unless and until the Board has determined to effect an exchange pursuant to the Plan (as described below).

Flip-In Event.  In the event that a person becomes an Acquiring Person, each holder of a Right, other than Rights that are or, under certain circumstances, were beneficially owned by the Acquiring Person (which will thereupon become null and void), will thereafter have the right to receive upon exercise of a Right and payment of the Purchase Price, a number of shares of Common Stock having a market value of two times the Purchase Price.

Redemption.  At any time until a person becomes an “Acquiring Person”, the Board may redeem the Rights in whole, but not in part, at a price of $0.00001 per Right (the “Redemption Price”). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.


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Exchange.  At any time after a person becomes an Acquiring Person, the Board may exchange the Rights (other than Rights that have become null and void), in whole or in part, at an exchange ratio of one share of Common Stock, or a fractional share of Series D Preferred Stock (or of a share of a similar class or series of the Company’s preferred stock having similar rights, preferences and privileges) of equivalent value, per Right (subject to adjustment). Immediately upon an exchange of any Rights, the right to exercise such Rights will terminate and the only right of the holders of Rights will be to receive the number of shares of Common Stock (or fractional share of Series D Preferred Stock or of a share of a similar class or series of the Company’s preferred stock having similar rights, preferences and privileges) equal to the number of such Rights held by such holder multiplied by the exchange ratio. The Board shall not be empowered to effect such exchange at any time after an Acquiring Person becomes the beneficial owner of 50% or more of the Company’s outstanding Common Stock.

Expiration.  The Rights and the Plan will expire on the earlier of (i) the Close of Business on the earlier of (a) August 11, 2019, or (b) August 11, 2017 if stockholder approval of the Plan has not been received by or on such date, (ii) the time at which the Rights are redeemed pursuant to the Plan, (iii) the time at which the Rights are exchanged in full pursuant to the Plan, (iv) the effective date of the repeal of both Section 382 and Section 383 of the Internal Revenue Code, or any successor provisions or replacement provisions, if the Board determines that the Plan is no longer necessary for the preservation of tax benefits or (v) the beginning of a taxable year of the Company for which the Board determines that the Company has or will have no tax benefits.

Anti-Dilution Provisions.  The Board may adjust the Purchase Price, the number of shares of Series D Preferred Stock or other securities or assets issuable and the number of outstanding Rights to prevent dilution that may occur as a result of certain events, including among others, a stock dividend, a stock split or a reclassification of the Series D Preferred Stock or Common Stock. With certain exceptions, no adjustments to the Purchase Price will be required until cumulative adjustments amount to at least 1% of the Purchase Price.

Amendments.  For so long as the Rights are redeemable, the Board may supplement or amend any provision of the Plan in any respect without the approval of the holders of the Rights. From and after the time the Rights are no longer redeemable, the Board may supplement or amend the Plan only to cure an ambiguity, to alter time period provisions, to correct inconsistent provisions, or to make any additional changes to the Plan which the Company may deem necessary or desirable, but only to the extent that those changes do not impair or adversely affect any Rights holder (other than an Acquiring Person or any Affiliate or Associate of an Acquiring Person or certain of their transferees) and do not result in the Rights again becoming redeemable or the Plan again becoming amendable other than in accordance with this sentence.

Transfer Agent and Registrar

The transfer agent and registrar for our Common Stock is American Stock Transfer & Trust Co., New York, New York.


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THE SELLING STOCKHOLDER

This prospectus relates to the resale by the Selling Stockholder named below, from time to time, of up to 7,093,750 shares of our Common Stock issuable to the Selling Stockholder, as described below under the heading “Acquisition of Home Solutions.” KRG Capital Partners LLC, the controlling shareholder of the Home Solutions, may be deemed to have voting and dispositive power over the shares offered hereby.

We do not know when or in what amounts the Selling Stockholder may sell or otherwise dispose of the shares covered hereby. The Selling Stockholder might not sell any or all of the shares covered by this prospectus or may sell or dispose of some or all of the shares other than pursuant to this prospectus. Because the Selling Stockholder may not sell or otherwise dispose of some or all of the shares covered by this prospectus and because there are currently no agreements, arrangements or understandings with respect to the sale or other disposition of any of the shares, we cannot estimate the number of the shares that will be held by the Selling Stockholder after completion of the offering. For purposes of the table below, we have assumed that the Selling Stockholder will have sold all of the shares covered by this prospectus upon completion of the applicable offering.

The table below presents information regarding the Selling Stockholder and the shares of our Common Stock that it may sell or otherwise dispose of from time to time under this prospectus. The percentage of beneficial ownership is based upon 120,982,543 shares of Common Stock issued and outstanding as of March 3, 2017. Beneficial ownership is determined under Section 13(d) of the Exchange Act and generally includes voting or investment power with respect to securities and includes any securities that grant the Selling Stockholder the right to acquire Common Stock within 60 days of March 3, 2017. Information in the table below is based on information provided by or on behalf of the Selling Stockholder. Since the date on which it provided us with the information below, the Selling Stockholder may have sold, transferred or otherwise disposed of some or all of its shares in transactions exempt from the registration requirements of the Securities Act.

     
Name of Selling Stockholder Common
Stock Owned
Before
Offering(1)(2)
 Common
Stock Owned
Prior to the
Sale of Shares
Registered
Hereby(1)(2)
 Maximum
Number of
Shares of
Common
Stock to be
Offered
Pursuant to
this Prospectus
 Common
Stock Owned
After the Sale of Shares
Registered Hereby(3)
   Number Percent Number Number Percent
Home Infusion Solutions, LLC  10,843,750   9.0  7,093,750   3,750,000   3.1

(1)As part of the transaction consideration for the acquisition of Home Solutions, the Selling Stockholder received contingent equity securities of the Company, in the form of restricted stock units (“RSUs”), issued in two tranches, Tranche A and Tranche B, with different vesting conditions. Depending on the achievement of certain earn-out conditions, as described below under the heading “Acquisition of Home Solutions,” the Selling Stockholder may become entitled to be issued shares of Common Stock underlying the Tranche A and Tranche B RSUs. The number of shares of Common Stock underlying the Tranche A and Tranche B RSUs in is 3,093,750 and 4,000,000, respectively.
(2)Reflects (i) 3,750,000 shares of Common Stock owned by the Selling Stockholder as of March 3, 2017 and (ii) a total of 7,093,750 shares of Common Stock underlying the Tranche A and Tranche B RSUs, which assumes that the vesting conditions of the Tranche A and Tranche B RSUs shall have occurred and that all shares of Common Stock underlying such RSUs shall have been issued to the Selling Stockholder prior to any offering of the shares registered for resale hereby.
(3)For purposes of this table, the Company assumes that all of the shares covered by this prospectus will be sold by the Selling Stockholder.

Each time the Selling Stockholder sells any shares of Common Stock offered by this prospectus, it is required to provide you with this prospectus and the related prospectus supplement, if any, containing specific information about the Selling Stockholder and the terms of the shares of Common Stock being offered in the manner required by the Securities Act.


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No offer or sale may occur unless the registration statement that includes this prospectus has been declared effective by the SEC and remains effective at the time the Selling Stockholder offers or sells shares of Common Stock. We are required, under certain circumstances, to update, supplement or amend this prospectus to reflect material developments in our business, financial position and results of operations and may do so by an amendment to this prospectus, a prospectus supplement or a future filing with the SEC incorporated by reference in this prospectus.

Acquisition of Home Solutions

On June 11, 2016, we entered into Asset Purchase Agreement dated as of June 11, 2016 (the “Initial Asset Purchase Agreement”), by and among Home Solutions, the Selling Stockholder, certain subsidiaries of Home Solutions, BioScrip and HomeChoice Partners, Inc., a Delaware corporation. Home Solutions is a privately held company that is a leading provider of home infusion and home nursing products and services to patients suffering from chronic and acute medical conditions. The Initial Purchase Agreement provided for the acquisition by the Company of substantially all of the assets of Home Solutions and its subsidiaries and the assumption of certain liabilities of Home Solutions and its subsidiaries (the “Transaction”).

The Initial Asset Purchase Agreement was amended on June 16, 2016, September 2, 2016 and September 9, 2016. The Transaction was consummated on September 9, 2016. Pursuant to the Asset Purchase Agreement, BioScrip acquired substantially all of the assets and assumed certain liabilities of Home Solutions and its subsidiaries for the Transaction Consideration (as defined below). Home Solutions received consideration (the “Transaction Consideration”) consisting of (i) $67.5 million payable in cash, subject to certain adjustments, (ii) 3.75 million shares of the Company’s Common Stock and (iii) contingent equity securities of the Company, in the form of RSUs, issued in two tranches, Tranche A and Tranche B, with different vesting conditions. The $67.5 million cash consideration and the 3.75 million shares of the Company’s Common Stock were paid at closing, subject to customary closing adjustments.

The Company will issue the shares of Common Stock issuable to the Selling Stockholder pursuant to the RSUs in Tranche A promptly, and in any event within five business days, following the earlier of (a) the closing price of the Common Stock, as reported by NASDAQ, averaging $4.00 per share or above over 20 consecutive trading days during the period beginning on the closing date of the Transaction and ending December 31, 2019 or (b) a change of control that occurs on or prior to December 31, 2017 or a change of control thereafter but on or prior to December 31, 2019 pursuant to which the consideration payable per share equals or exceeds $4.00 per share. The Company will issue the shares of Common Stock issuable to the Selling Stockholder pursuant to the RSUs in Tranche B promptly, and in any event within five business days, following the earlier of (a) the closing price of the Common Stock, as reported by NASDAQ, averaging $5.00 per share or above over 20 consecutive trading days during the period beginning on the closing date of the Transaction and ending December 31, 2019 or (b) a change of control that occurs on or prior to December 31, 2017 or a change of control thereafter but on or prior to December 31, 2019 pursuant to which the consideration payable per share equals or exceeds $5.00 per share.

The shares of Common Stock that were issued at the closing of the Transaction and the shares of Common Stock potentially issuable to the Selling Stockholder in connection with the RSUs were not registered under the Securities Act. Pursuant to the Asset Purchase Agreement, we are required to (i) file one registration statement on Form S-3 within 30 days following the closing of the Transaction to register the resale of the Common Stock issued to the Selling Stockholder at closing, and (ii) a second registration statement on Form S-3 to register the resale of the Common Stock underlying the Tranche A and Tranche B RSUs within 30 days following stockholder approval of an amendment of the Company’s certificate of incorporation to increase the authorized capital stock of the Company in an amount at least sufficient to allow the Company to have available the shares underlying the Tranche A and Tranche B RSUs. On October 7, 2016, we filed a Form S-3 registering the resale of 3,750,000 shares of Common Stock which represents the number of shares of Common Stock issued to the Selling Stockholder at the closing of the Transaction. On November 30, 2016, stockholders of the Company approved an amendment of the Company’s certificate of incorporation to increase the authorized capital stock of the Company from 125 million to 250 million shares of Common Stock, which is sufficient to allow the Company to have available the shares underlying the Tranche A and Tranche B RSUs. We are registering for resale hereby the 7,093,750 shares of Common Stock which represents the number of shares of Common Stock underlying the Tranche A and Tranche B RSUs.


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We have agreed to prepare and file any amendments and supplements to the registration statement as may be necessary to keep the registration statement effective until the date on which all the shares offered in this prospectus have been sold. We also have agreed to use our reasonable best efforts to keep the registration statement, of which this prospectus constitutes a part, effective until all of the shares of Common Stock covered by the registration statement have been sold.

The foregoing description of the Asset Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of our charter and our bylaws, which have been filed as exhibits to the Asset Purchase Agreement,registration statement of which this prospectus forms a part.

General

Our authorized capital stock consists of 250,000,000 shares of common stock, par value $0.0001 per share, and 12,500,000 shares of preferred stock, par value $0.0001 per share.

Common Stock

Voting Rights

Each share of common stock entitles the holder thereof of one vote for each share held by such holder on all matters voted on by our stockholders, provided, however, that, except as otherwise required by law, holders of common stock are not entitled to vote on any amendment to our charter (including any certificate of designation relating to any series of preferred stock) that relates solely to the terms of whichone or more outstanding series of preferred stock if the holders of such affected series are incorporated hereinentitled, either separately or together with the holders of one or more other such series, to vote thereon pursuant to our charter (including any certificate of designation relating to any series of preferred stock) or pursuant to the General Corporation Law of the State of Delaware (the “DGCL”).

Ranking

Except as otherwise required by reference.law or expressly provided in the our charter, each share of common stock has the same powers, rights and privileges and rank equally, share ratably and be identical in all respects as to all matters.

This prospectus also covers

Dividends

Subject to the rights of the holders of preferred stock and to the other provisions of applicable law and our charter, holders of common stock will be entitled to receive equally, on a per share basis, such dividends and other distributions in cash, securities or other property if, as and when declared thereon by our Board of Directors (the “Board”) from time to time out of our assets or funds legally available therefor.

Liquidation

Subject to the rights of holders of preferred stock, in the event of any liquidation, dissolution or winding up of our affairs, whether voluntary or involuntary, after payment or provision for payment of our debts and any other payments required by law and amounts payable upon shares of preferred stock ranking senior to the shares of common stock upon such dissolution, liquidation or winding up, if any, our remaining net assets will be distributed to the holders of shares of common stock and the holders of shares of any other class or series ranking equally with the shares of common stock upon such dissolution, liquidation or winding up, equally on a per share basis.

No Preemptive or Similar Rights

Our common stock is not entitled to preemptive rights, conversion or other rights to subscribe for additional securities and there are no redemption or sinking fund provisions applicable to our common stock.

Preferred Stock

The Board is authorized, subject to limitations prescribed by law, to provide, by resolution or resolutions for the issuance of shares of preferred stock in one or more series, and with respect to each series, to establish the number of shares to be included in each such series, and to fix the voting powers (if any), designations, powers, preferences, and relative, participating, optional or other special rights, if any, of the shares of each such series, and any qualifications, limitations or restrictions thereof. The powers (including voting powers), preferences, and relative, participating, optional and other special rights of each series of preferred stock and the qualifications, limitations or restrictions thereof, if any, may differ from those of any and all other series at any time outstanding. Subject to the rights of the holders of any series of preferred stock, the number of authorized shares of preferred stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the approval of the Board and by the affirmative vote of the holders of a majority in voting power of the outstanding shares of our capital stock entitled to vote generally in an election of directors, without the separate vote of the holders of the preferred stock as a class, irrespective of the provisions of Section 242(b)(2) of the DGCL.

Certain Effects of Authorized but Unissued Stock

We may issue additional shares of Commoncommon stock or preferred stock without stockholder approval, subject to applicable rules of the The Nasdaq Stock Market LLC and Delaware law, for a variety of corporate purposes, including future public or private offerings to raise capital, corporate acquisitions, and employee benefit plans and equity grants. The existence of unissued and unreserved common stock and preferred stock may enable us to issue shares to persons who are friendly to current management, which could discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger, or otherwise.

Anti-Takeover Effects of Provisions of our Charter and Bylaws

The following is a brief description of the provisions in our charter and bylaws that could have an effect of delaying, deferring, or preventing a change in control of the Company.

Director Nominations, Vacancies and Removal

Subject to the rights of the holders of any series of preferred stock then outstanding and except as otherwise set forth in that certain Director Nomination Agreement between the Company and HC I, as described below, newly created directorships resulting from any increase in the authorized number of directors or any vacancies in the Board resulting from death, resignation, disqualification, removal from office or any other cause may be filled only by resolution of a majority of the directors then in office, although less than a quorum, or by a sole remaining director, and may not be filled in any other manner. We and HC I entered into the Director Nomination Agreement on August 6, 2019 (the “Director Nomination Agreement”).

The Director Nomination Agreement provides that, from and after the closing of the Mergers (as defined therein) until the date that HC I and its affiliates cease to beneficially own common stock representing at least 10% of the voting power of the then-outstanding common stock, HC I is entitled to nominate for election to the Board or any committee of the Board, a number of directors equal to the product obtained by multiplying (a) the percentage of the total voting power of the then-outstanding common stock then beneficially owned by HC I and its affiliates and (b) the authorized number of directors on the Board, including any vacancies, with such product rounded up to the nearest whole number in all cases. The Director Nomination Agreement also provides HC I with the right to fill any vacancies created by the removal, death, disability, disqualification or resignation from the Board of any of its nominees that is elected to the Board. In the Director Nomination Agreement, we agreed to use our reasonable best efforts to ensure that any nominees designated by HC I in accordance with the Director Nomination Agreement are included in the Board’s slate of nominees to the stockholders for each election of directors and that each nominee designated by HC I is included in the proxy statement prepared by our management in connection with soliciting proxies for every meeting of the stockholders at which directors are voted on for election.

The Director Nomination Agreement automatically terminates on the date on which HC I and its affiliates cease to beneficially own at least 10% of the total voting power of the then outstanding common stock.

Subject to the rights of the holders of any series of preferred stock then outstanding and notwithstanding any other provision of our charter, on and after the first date (the “Trigger Date”) on which HC I and its Affiliated Companies (as defined below) cease to beneficially own (directly or indirectly) 50% or more of the voting power of the then outstanding shares of our capital stock then entitled to vote generally in the election of directors (“Voting Stock”), directors may be removed with or without cause upon the affirmative vote of stockholders representing at least sixty-six and two-thirds percent (662/3%) of the voting power of the then outstanding shares of Voting Stock, at a meeting of our stockholders called for that purpose. “Affiliated Companies” in our charter means (a) Madison Dearborn Partners, LLC, Madison Dearborn Partners VI-A&C, L.P., Madison Dearborn Partners VI-B, L.P. and MDP Global Investors Limited (collectively, the “MDP Group”), (b) Walgreens Company, (c) any entity that controls, is controlled by or under common control with HC I, the MDP Group or Walgreens Company (other than us and any company that is controlled by us) and any investment funds managed by the MDP Group and (d) in respect of us, any company controlled by us.

Our charter provides that whenever the holders of one or more series of preferred stock has the right, voting separately or together with the holders of one or more other series, to elect directors at an annual or special meeting of stockholders, the election, term of office, filling of vacancies and newly created directorships and other features of such directorship will be subject to the rights of such series of preferred stock. During any period when the holders of any series of preferred stock, voting separately as a series or together with one or more series, have the right to elect additional directors, then upon commencement and for the duration of the period during which such right continues: (i) the then otherwise total authorized number of our directors will automatically be increased by such specified number of directors, and the holders of such preferred stock will be entitled to elect the additional directors so provided for or fixed pursuant to said provisions, and (ii) each such additional director will serve until such director’s successor has been duly elected and qualified, or until such director’s right to hold such office terminates pursuant to said provisions, whichever occurs earlier, subject to his or her earlier death, resignation, disqualification or removal.

Except as otherwise provided by the Board in the resolution or resolutions establishing such series, whenever the holders of any series of preferred stock having such right to elect additional directors are divested of such right pursuant to the provisions of such stock, the terms of office of all such additional directors elected by the holders of such stock, or elected to fill any vacancies resulting from the death, resignation, disqualification or removal of such additional directors, will forthwith terminate (in which case each such director thereupon will cease to be qualified as, and will cease to be, a director) and the total authorized number of our directors will automatically be reduced accordingly.

Action by Written Consent

Prior to the Trigger Date, any action which is required or permitted to be taken by our stockholders may be taken without a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, is signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares of our stock entitled to vote thereon were present and voted. From and after the Trigger Date, any action required or permitted to be taken by our stockholders may be taken only at a duly called annual or special meeting of our stockholders and the power of stockholders to consent in writing without a meeting is specifically denied; provided, however, that any action required or permitted to be taken by the holders of preferred stock, voting separately as a series or separately as a class with one or more other such series, may be taken without a meeting, without prior notice and without a vote, to the extent expressly so provided the resolutions creating such series of preferred stock.

Special Meetings of Stockholders

Subject to the rights of the holders of any series of preferred stock then outstanding and to the requirements of applicable law, special meetings of our stockholders held may be called only (i) by or at the direction of the

Board or the Chairman of the Board pursuant to a written resolution adopted by the affirmative vote of the majority of the total number of directors that we would have if there were no vacancies or (ii) prior to the Trigger Date, by the Chairman of the Board of Directors at the written request of the holders of a majority of the voting power of the then outstanding shares of Voting Stock in the manner provided for in our bylaws.

Certain Corporate Opportunities

To the fullest extent permitted by applicable law, none of HC I and/or its Affiliated Companies and/or their respective directors, partners, principals, officers, members, managers and/or employees, including any of the foregoing who serve as our officers or directors (collectively, the “Exempted Persons”) have any fiduciary duty to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us or any of our Affiliated Companies, and no Exempted Person is liable to us or our stockholders for breach of any fiduciary duty solely by reason of any such activities of HC I, its Affiliated Companies or such Exempted Person. To the fullest extent permitted by applicable law, we, on our own behalf and our Affiliated Companies, renounces in our charter any interest or expectancy of us and our Affiliated Companies in, or in being offered an opportunity to participate in, business opportunities that are from time to time presented to the Exempted Persons, even if the opportunity is one that we or our Affiliated Companies might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so, and each Exempted Person has no duty to communicate or offer such business opportunity to us or our Affiliated Companies and, to the fullest extent permitted by applicable law, is not liable to us, any of our Affiliated Companies or our stockholders for breach of any fiduciary or other duty, as our director, officer or stockholder solely, by reason of the fact that HC I, its Affiliated Companies or any such Exempted Person pursues or acquires such business opportunity, sells, assigns, transfers or directs such business opportunity to another person or fails to present such business opportunity, or information regarding such business opportunity, to us or any of our Affiliated Companies. Notwithstanding anything to the contrary in Section 2 of Article Eight of our charter, we do not renounce any interest or expectancy we may have in (i) any business opportunity that is expressly offered to any Exempted Person solely in his or her capacity as our director or officer, and not in any other capacity, or (ii) any business opportunity that any Exempted Person first learns of in his or her capacity as our director or officer.

Subject to the rights of the holders of any series of preferred stock then outstanding, and in addition to any vote required by applicable law, the affirmative vote of the holders of at least eighty percent (80%) of the voting power of the then outstanding shares of Voting Stock, voting together as a single class, is required to alter, amend or repeal, or to adopt any provision inconsistent with, Article Eight of our charter; provided however, that, to the fullest extent permitted by law, neither the alteration, amendment or repeal of Article Eight nor the adoption of any provision of our charter inconsistent with Article Eight will apply to or have any effect on the liability or alleged liability of any Exempted Person for or with respect to any activities or opportunities which such Exempted Person becomes aware prior to such alteration, amendment, repeal or adoption.

Advance Notice for Stockholder Proposals and Nominations

Our bylaws contain provisions requiring advance notice be delivered to us of any business to be brought by a stockholder before an annual meeting and providing for procedures to be followed by stockholders in nominating persons for election to our Board of Directors, including stockholder nominees to be included in our proxy statement. A stockholder must give notice no later than the 90th day nor earlier than the 120th days before the one-year anniversary of the date on which we held our annual meeting of stockholders the previous year. The notice must contain the information required by our bylaws, and the stockholder(s) and nominee(s) must comply with the information and other requirements required by our bylaws.

No Cumulative Voting

The DGCL provides that stockholders are not entitled to the right to cumulate votes in the election of directors unless our charter provides otherwise. Our charter does not provide for cumulative voting for our directors. The absence of cumulative voting may make it more difficult for stockholders owning less than a majority of our common stock to elect any directors to our Board.

Approval of Business Combinations with Interested Stockholders

We do not opt out of Section 203 of the DGCL in our charter, and thus are subject to Section 203 of the DGCL. In general, Section 203 of the DGCL prohibits a publicly held Delaware corporation from engaging in a business combination with an interested stockholder for a period of three years following the date the person became an interested stockholder, unless the business combination or the transaction in which the person became an interested stockholder is approved in a prescribed manner. Generally, a “business combination” includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. Generally, an “interested stockholder” is a person that together with affiliates and associates, owns or within three years prior to the determination of interested stockholder status, did own, 15% or more of a corporation’s voting stock. This may have an anti-takeover effect with respect to transactions not approved in advance by our Board, including discouraging attempts that might result in a premium over the market price for the shares of our common stock.

Supermajority Voting Requirements to Amend Our Charter and Bylaws

Subject to the rights of holders of any series of preferred stock then outstanding, notwithstanding any other provision of our charter or bylaws, and in addition to any affirmative vote of the holders of any particular class or series of the capital stock required by law or otherwise, no provision of Articles Five, Six, Seven, Nine or Ten of our charter may be altered, amended or repealed in any respect, nor may any provision of our charter or bylaws inconsistent therewith be adopted, unless in addition to any other vote required by our charter or otherwise required by law, (i) prior to the Trigger Date, such alteration, amendment, repeal or adoption is approved by the affirmative vote of the holders of a majority of the voting power of all outstanding shares of Voting Stock, voting together as a single class, and (ii) from and after the Trigger Date, such alteration, amendment, repeal or adoption is approved by the affirmative vote of holders of at least sixty-six and two-thirds percent (662/3%) of the voting power of all outstanding shares of Voting Stock, voting together as a single class, at a meeting of our stockholders called for that purpose. Additionally, as discussed above, Article Eight of our charter can only be amended by a vote of eighty percent (80%) of the voting power of the then outstanding shares of Voting Stock, voting together as a single class, subject to the limitations discussed above.

Subject to the rights of holders of any series of preferred stock then outstanding, in furtherance and not in limitation of the powers conferred by law, prior to the Trigger Date, our bylaws may be amended, altered or repealed and new bylaws made by (i) the Board or (ii) in addition to any vote of the holders of any class or series of our capital stock required in our charter (including any resolution or certificate of designations setting forth the terms of any series of preferred stock) and any other vote otherwise required by applicable law, the affirmative vote of the holders of at least a majority of the voting power of all of the then outstanding shares of Voting Stock, voting together as a single class. On and after the Trigger Date, our bylaws may be amended, altered or repealed and new bylaws made by (i) the Board or (ii) in addition to any of the holders of any class or series of our capital stock required herein (including any certificate of designation relating to any series of preferred stock), the bylaws or applicable law, the affirmative vote of the holders of at least sixty-six and two-thirds percent (662/3%) of the voting power of the then outstanding Voting Stock, voting together as a single class.

Listing

Our common stock is traded on the Nasdaq Global Select Market under the symbol “OPCH.”

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company, LLC.

DESCRIPTION OF WARRANTS

We may issue warrants to purchase any combination of our common stock, preferred stock or other securities. We may issue warrants independently or together with other securities. Warrants sold with other securities may be attached to or separate from the other securities. We will issue warrants under one or more warrant agreements between us and a warrant agent that we will name in the applicable prospectus supplement.

The applicable prospectus supplement will include specific terms relating to the offering. We will file the form of any warrant agreement with the SEC, and you should read the warrant agreement for provisions that may be important to you. The applicable prospectus supplement will include some or all of the following terms:

·                  the title of the warrants;

·                  the aggregate number of warrants offered;

·                  the designation, number and terms of the common stock, preferred stock or other securities purchasable upon exercise of the warrants, and procedures by which the number of securities purchasable may be adjusted, if any;

·                  the exercise price of the warrants;

·                  the dates or periods during which the warrants are exercisable;

·                  the designation and terms of any securities with which the warrants are issued;

·                  if the warrants are issued as a unit with another security, the date on and after which the warrants and the other security will be separately transferable, if ever;

·                  any minimum or maximum amount of warrants that may be exercised at any one time; and

·                  any terms, procedures and limitations relating to the transferability, exchange or exercise of the warrants.

DESCRIPTION OF SUBSCRIPTION RIGHTS

We may, at our option, issue subscription rights independently or together with any other security, which may or may not be transferable. As part of any rights offering, we may enter into a standby underwriting or other arrangement under which the underwriters or any other person would purchase any securities that are not purchased in such rights offering. If we issue subscription rights, they may be governed by a separate subscription agent agreement that we will sign with a bank or trust company, as rights agent, that will be named in the applicable prospectus supplement. The rights agent will act solely as our agent and will not assume any obligation to any holders of rights certificates or beneficial owners of rights.

In general, a right entitles the holder to purchase for cash a specific number of shares of common stock or other securities at a specified exercise price. The rights are normally issued to stockholders as of a specific record date, may be exercised only for a limited period of time and become issuablevoid following the expiration of such period. If we determine to issue subscription rights, we will accompany this prospectus with a prospectus supplement that will describe, among other things:

·                                          the record date for stockholders entitled to receive the rights;

·                                          the number of shares of common stock or other securities that may be purchased upon exercise of each right;

·                                          the exercise price of the rights;

·                                          whether the rights are transferable;

·                                          the period during which the rights may be exercised and when they will expire;

·                                          the steps required to exercise the rights;

·                                          the price, if any, for the subscription rights;

·                      ��                   the number of subscription rights issued;

·                                          the terms of the shares of common stock or shares of preferred stock or depositary shares;

·                                          if applicable, the material terms of any standby underwriting or other arrangement entered into by us in connection with the offering of subscription rights;

·                                          the other terms of the subscription rights, including the terms, procedures and limitations relating to the exercise of the subscription rights;

·                                          whether the rights include “oversubscription rights” so that the holder may purchase more securities if other holders do not purchase their full allotments;

·                                          whether we intend to sell the shares being registered by reason of anycommon stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increasesecurities that are not purchased in the number of our outstanding shares of Common Stock.rights offering to an underwriter or other purchaser under a contractual “standby” commitment or other arrangement; and


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·                                          any applicable United States federal income tax considerations.

PLAN OF DISTRIBUTION

The Selling Stockholder may sell the Common Stock being offered hereby from time to time in one or moreIf fewer than all of the following ways:

through agents;
rights issued in any rights offering are exercised, we may offer any unsubscribed securities directly to persons other than stockholders, to or through underwriters;
toagents, underwriters or through brokersdealers or dealers;
in “at the market offerings,” within the meaning of Rule 415(a)(4) of the Securities Act, to or through a market marker or into an existing trading market, on an exchange or otherwise;
directly to purchasers, including through negotiated sales or a specific bidding, auction or other process; or
through a combination of such methods, including pursuant to standby arrangements, as described in the applicable prospectus supplement.

DESCRIPTION OF DEPOSITARY SHARES

We may, at our option, elect to offer fractional shares of preferred stock, rather than single shares of preferred stock (to be set forth in the prospectus supplement relating to a particular series of preferred stock). In the event we elect to do so, depositary receipts evidencing depositary shares will be issued.

This description of the terms of depositary shares sets forth certain general terms and provisions of depositary shares to which any prospectus supplement may relate. The particular terms of the depositary shares offered by any prospectus supplement and the extent, if any, to which these methodsgeneral provisions may apply to those depositary shares will be described in the prospectus supplement relating to those depositary shares. Accordingly, for a description of sale.

the terms of a particular issue of depositary shares, reference must be made to both the prospectus supplement relating thereto and this description.

The Selling Stockholder may also sellshares of any class or series of preferred stock represented by depositary shares will be deposited under a deposit agreement between us and one or more depositaries selected by us. Subject to the Common Stock being offered herebyterms of the deposit agreement, each owner of a depositary share will be entitled, in proportion to the applicable fraction of a share of preferred stock represented by such depositary share, to all the rights and preferences of the shares of preferred stock represented by the depositary share, including dividend, voting, redemption and liquidation rights.

The depositary shares will be evidenced by depositary receipts issued pursuant to the deposit agreement. Depositary receipts will be distributed to those persons purchasing the fractional shares of the related class or series of preferred shares in accordance with Rule 144 under the Securities Act, or any other available exemption, rather than by use of this prospectus.

We will set forth in a prospectus supplement the terms of the offering described in the related prospectus supplement.

The applicable prospectus supplement will include specific terms relating to the offering. We will file the form of any deposit agreement with the SEC, and you should read the deposit agreement for provisions that may be important to you.

DESCRIPTION OF UNITS

As specified in the applicable prospectus supplement, we may issue units comprised of two or more of the Common Stock, including:

other securities described in this prospectus in any combination. Each unit will be issued so that the nameholder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security. The applicable prospectus supplement will describe:

·                                          the designation and terms of the units and of the securities comprising the units, including whether and under what circumstances the securities comprising the units may be held or namestransferred separately;

·                                          a description of the terms of any agents, underwriters or dealers;

unit agreement governing the purchase priceunits;

·                                          a description of the Common Stock being offeredprovisions for the payment, settlement, transfer or exchange of the units; and

·                                          whether the proceedsunits will be issued in fully registered or global form.

The unit agreement, together with the terms of the underlying securities, will be filed with the SEC in connection with the offering of the specific units. You should read such filings for provisions that may be important to beyou.

PLAN OF DISTRIBUTION

We and/or the selling stockholders, which as used herein includes donees, pledgees, transferees, assignees or other successors-in-interest selling our securities or interests in our securities received after the date of this prospectus from the sale;

any over-allotment options under which underwritersselling stockholders as a gift, pledge, partnership distribution or other transfer, may, purchase additional shares of the Common Stock;
any agency fees or underwriting discounts or commissions and other items constituting agents’ or underwriters’ compensation;
the public offering price; and
any discounts or concessions allowed or reallowed or paid to dealers.

Underwriters, Agents and Dealers

The Selling Stockholder may designate agents who agree to use their reasonable efforts to solicit purchases for the period of their appointment or to sell our Common Stock for which they have been appointed an agent on a continuing basis.

If the Selling Stockholder uses underwriters for a sale of the Common Stock, the underwriters will acquire the Common Stock for their own account. The underwriters may resell the Common Stock from time to time, sell, transfer or otherwise dispose of certain of their securities or interests in oneour securities, on any stock exchange, market or more transactions, including negotiated transactions,trading facility on which the security is traded or in private transactions. These dispositions may be at a fixed public offeringprices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, or at varying prices determined at the time of sale.sale, or at negotiated prices.

Underwriters

We and/or the selling stockholders may offer the Common Stock to the public either through underwriting syndicates represented byuse any one or more managing underwriters or directly by one or more firms acting as underwriters. The obligations of the underwriters to purchasefollowing methods when disposing of securities or interests therein:

·                  on the NASDAQ Stock Market or any other national securities exchange or U.S. inter-dealer system of a registered national securities association on which our Common Stock willsecurities may be subject to the conditions set forth in the applicable underwriting agreement. The underwriters may change from time to time any initial public offering price and any discountslisted or concessions the underwriters allow or reallow or pay to dealers. The Selling Stockholder may use underwriters with whom the Selling Stockholder has a material relationship. We will describe in an applicable prospectus supplement the name of the underwriter and the nature of any such relationship.


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If a dealer is utilized in the sale of the Common Stock in respect of which this prospectus is delivered, the Selling Stockholder will sell such Common Stock to the dealer as principal. The dealer may then resell such Common Stock to the public at varying prices to be determined by such dealerquoted at the time of resale. Transactions through brokerssale;

·                  ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

·                  one or dealers may includemore underwritten offerings;

·                  block trades in which brokers or dealersthe broker-dealer will attempt to sell Common Stockthe securities as agent, but may position and resell a portion of the block as principal to facilitate the transactiontransaction;

·                  purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

·                  an exchange distribution in accordance with the rules of the applicable exchange;

·                  privately negotiated transactions;

·                  short sales effected after the date the registration statement of which this prospectus is a part is declared effective by the SEC;

·                  through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

·                  broker-dealers may agree with the selling stockholders to sell a specified number of such securities at a stipulated price per share; and

·                  a combination of any such methods of sale.

The selling stockholders may, from time to time, pledge or grant a security interest in some of the securities owned by them and, if the selling stockholders default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the securities, from time to time, under this prospectus, or under an amendment or supplement to this prospectus amending the list of the selling stockholders to include the pledgee, transferee, assignees or other successors-in-interest as the selling stockholders under this prospectus. The selling stockholders also may transfer the securities in other circumstances, in which case the donees, pledgees, transferees, assignees or other successors-in-interest will be the selling beneficial owners for purposes of this prospectus.

In connection with the sale of our securities or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of our securities in the course of hedging the positions they assume. The selling stockholders may also sell our securities short and deliver these securities to close out their short positions, or loan or pledge our securities to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities

that require the delivery to such broker-dealer or other financial institution of securities offered by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).

The aggregate proceeds to us and/or the selling stockholders from the sale of our securities will be the purchase price of our securities less discounts or commissions, if any. We and/or the selling stockholders reserve the right to accept and, together with their agents from time to time, as applicable, to reject, in whole or in crosses, in which the same brokerpart, any proposed purchase of our securities to be made directly or dealer acts as agent on both sidesthrough agents. We will not receive any of the trade. Any such dealerproceeds from any offering by the selling stockholders.

The selling stockholders also may be deemed to be an underwriter, as such term is defined in the future resell a portion of the securities in open market transactions in reliance upon Rule 144 under the Securities Act, provided that they meet the criteria and conform to the requirements of that rule, or pursuant to other available exemptions from the registration requirements of the Common Stock so offeredSecurities Act.

The selling stockholders and sold.

Underwriters, dealers andany underwriters, broker-dealers or agents that participate in the distributionsale of our Common Stocksecurities or interests therein may be underwriters as defined in“underwriters” within the meaning of Section 2(11) of the Securities Act, andAct. Any discounts, commissions, concessions or profit they earn on any discounts or commissions they receive from us and any profit on their resale of the Common Stocksecurities may be treated as underwriting discounts and commissions under the Securities Act. If the selling stockholders are “underwriters” within the meaning of Section 2(11) of the Securities Act, then the selling stockholders will be subject to the prospectus delivery requirements of the Securities Act. Underwriters and their controlling persons, dealers and agents may be entitled, under agreements entered into with us and the selling stockholders, to indemnification against and contribution toward specific civil liabilities, including liabilities under the Securities Act.

To the extent required, the securities to be sold, the respective purchase prices and public offering prices, the names of any agents, dealers or underwriters, and any applicable discounts, commissions, concessions or other compensation with respect to a particular offer will be set forth in an applicable prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes this prospectus.

To facilitate the offering of the securities offered by us and/or the selling stockholders, certain persons participating in the offering may engage in transactions withthat stabilize, maintain or perform services for us orotherwise affect the price of our subsidiaries in the ordinary course of their businesses.

Stabilization Activities

In connection with an offering through underwriters, an underwriter may purchase and sell securities in the open market. These transactionssecurities. This may include over-allotments or short sales, stabilizing transactions and purchases to cover positions created by short sales. Short saleswhich involve the sale by the underwriters of a greater number of securities than they are required to purchase in the offering. “Covered” short sales are sales made in an amount not greater than the underwriters’ option to purchase additional securities from uspersons participating in the offering if any. If the underwriters have an over-allotment optionof more securities than were sold to purchase additional securities from us, the underwriters may consider, among other things, the price of securities available for purchasethem. In these circumstances, these persons would cover such over-allotments or short positions by making purchases in the open market as compared to the price at which theyor by exercising their over-allotment option, if any. In addition, these persons may purchase shares through the over-allotment option. “Naked” short sales are any sales in excess of such option or where the underwriters do not have an over-allotment option. The underwriters must close out any naked short position by purchasing securities in the open market. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the securities in the open market after pricing that could adversely affect investors who purchase in the offering.

Accordingly, to cover these short sales positions or to otherwise stabilize or maintain the price of theour securities the underwriters may bidby bidding for or purchasepurchasing such securities in the open market and may impose penalty bids. Ifor by imposing penalty bids, are imposed,whereby selling concessions allowed to syndicate members or other broker-dealersdealers participating in the offering aremay be reclaimed if securities previously distributed in the offeringsold by them are repurchased whether in connection with stabilization transactions or otherwise.transactions. The effect of these transactions may be to stabilize or maintain the market price of theour securities at a level above that which might otherwise prevail in the open market. These transactions may be discontinued at any time.

The imposition of a penalty bidselling stockholders may also affect the priceuse this prospectus in connection with resales of the securities toas specified on the extent that it discourages resalecover of the securities.this prospectus. The magnitude or effect of any stabilization or other transactions is uncertain.

Direct Sales

The Selling Stockholder may also sell Common Stock directly to one or more purchasers without using underwriters or agents. In this case, no agents, underwriters or dealers would be involved. The Selling Stockholder may also sell the Common Stock directly to institutional investors or others whoselling stockholders may be deemed to be underwriters within the meaning ofunder the Securities Act in connection with respectthe securities they resell and any profits on the sales may be deemed to any salebe underwriting discounts and commissions under the Securities Act. Unless otherwise set forth in a prospectus supplement, the selling stockholders will receive all the net proceeds from the resale of the Common Stock.securities sold by them.


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LEGAL MATTERS

The validity of the issuance of the Common Stock offered by this prospectus will be passed upon for us by Dechert

Kirkland & Ellis LLP, New York, New York.York will pass upon the validity of the securities offered hereby on our behalf. If any legal matters relating to offerings made in connection with this prospectus are passed upon by counsel for underwriters, dealers or agents, such counsel will be named in the prospectus supplement relating to any such offering.

EXPERTSEXPERTS

The consolidated financial statements and the related financial statement schedule of BioScrip,Option Care Health, Inc. and subsidiaries as of December 31, 20162019 and 2015,2018, and for each of the years in the three-year period ended December 31, 2016,2019, and management’s assessment of the effectiveness of internal control over financial reporting as of December 31, 2016,2019, have been incorporated by reference herein and in the registration statement in reliance upon the reports of KPMG LLP, independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing. The audit report covering the December 31, 2019 consolidated financial statements refers to a change in the method of accounting for revenue recognition and leases. The audit report on the effectiveness of internal control over financial reporting as of December 31, 2019, contains an explanatory paragraph that states that HC Group Holdings I, Inc. and HC Group Holdings II, Inc. (collectively, Option Care) merged with and into a wholly-owned subsidiary of BioScrip, Inc. (BioScrip) on August 6, 2019, forming the Company, and management excluded from its assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2019, Option Care’s internal control over financial reporting associated with 93% of total assets and 87% of total revenues included in the consolidated financial statements of the Company as of and for the year ended December 31, 2019. KPMG LLP’s audit of internal control over financial reporting of the Company also excluded an evaluation of the internal control over financial reporting of Option Care.

The consolidated financial statements of BioScrip, Inc. as of December 31, 2018 and 2017, and for each of the years in the three-year period ended December 31, 2018, and management’s assessment of the effectiveness of internal control over financial reporting as of December 31, 2018, have been incorporated by reference herein and in the registration statement, in reliance upon the reports of KPMG LLP, independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing. The audit report covering the December 31, 2018 consolidated financial statements refers to a change in the method of accounting for revenue recognition.

WHERE YOU CAN FIND MORE INFORMATION

Option Care Health, Inc. files annual, quarterly and current reports, proxy statements and other information with the SEC. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of that site is www.sec.gov.

Our website address is located at www.optioncarehealth.com. Through links on the “Investors” portion of our website, we make available free of charge our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such material is made available through our website as soon as reasonably practicable after we electronically file the information with, or furnish it to, the SEC. The information contained on our website is not part of, or incorporated by reference into, this prospectus.

The registration statement containing this prospectus, including exhibits to the registration statement, provides additional information about us and the securities offered under this prospectus. The registration statement can be read at the SEC website.

INCORPORATION OF CERTAIN INFORMATION BY REFERENCE

The SEC allows us to “incorporate by reference” information into this prospectus, which means that we can disclose important information about us by referring you to another document filed separately with the SEC. The information incorporated by reference is considered to be a part of this prospectus. This prospectus incorporates by reference the documents and reports, or portions thereof, listed below (other than portions of these documents that are either (1) described in paragraph (e) of Item 201 of Regulation S-K or paragraphs (d)(1)-(3) and (e)(5) of Item 407 of Regulation S-K promulgated by the SEC or (2) deemed to have been furnished and not filed in accordance with SEC rules, including Current Reports on Form 8-K furnished under Item 2.02 or Item 7.01 (including any financial statements or exhibits relating thereto furnished pursuant to Item 9.01), unless otherwise indicated therein:

·Our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 5, 2020;

·                  Those portions of our Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 10, 2020, that are incorporated by reference in our Annual Report on Form 10-K for the year ended December 31, 2019;

·Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed with the SEC on May 7, 2020;

·                  Our Current Reports on Form 8-K filed with the SEC on February 3, 2020,May 28, 2020 and June 26, 2020;

·The consolidated financial statements of BioScrip, Inc. as of December 31, 2018 and 2017, and for each of the years in the three-year period ended December 31, 2018, included in BioScrip, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 15, 2019;

·The condensed consolidated financial statements of BioScrip, Inc. as of June 30, 2019, and for the six months ended June 30, 2019 and 2018, included in BioScrip, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019, filed with the SEC on July 31, 2019; and

·                  The description of our common stock included in our Form 8-A filed with the SEC on August 1, 1996, as updated by the description of our common stock filed as Exhibit 4.12 to our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on March 5, 2020, and as subsequently amended or updated.

We also incorporate by reference the information contained in all other documents we file with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (other than portions of these documents that are either (1) described in paragraph (e) of Item 201 of Regulation S-K or paragraphs (d)(1)-(3) and (e)(5) of Item 407 of Regulation S-K promulgated by the SEC or (2) deemed to have been furnished and not filed in accordance with SEC rules, including Current Reports on Form 8-K furnished under Item 2.02 or Item 7.01 (including any financial statements or exhibits relating thereto furnished pursuant to Item 9.01, unless otherwise indicated therein)) after the date of this prospectus and prior to the completion of the offering of all securities covered by this prospectus and any applicable prospectus supplement. The information contained in any such document will be considered part of this prospectus from the date the document is filed with the SEC.

If you make a request for such information in writing or by telephone, we will provide you, without charge, a copy of any or all of the information incorporated by reference into this prospectus. Any such request should be directed to:

3000 Lakeside Drive
Suite 300N

Bannockburn, IL 60015
(312) 940-2443

Attention: Investor Relations

You should rely only on the information contained in, or incorporated by reference into, this prospectus, in any applicable prospectus supplement or in any free writing prospectus filed by us with the SEC. We have not authorized anyone to provide you with different or additional information. Neither we nor the selling stockholders are offering to sell or soliciting any offer to buy any securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information in this prospectus or in any document incorporated by reference is accurate as of any date other than the date on the front cover of the applicable document.

Option Care Health, Inc.

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PROSPECTUS



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PART II

Information Not Required in Prospectus


INFORMATION NOT REQUIRED IN PROSPECTUS

Item 14.Other Expenses of Issuance and Distribution

The following is a statement oftable sets forth the various expenses (all of which are estimated)expected to be incurred by usthe Registrant in connection with athe sale and distribution of the Common Stocksecurities being registered hereby, other than underwriting discounts and commissions. All amounts are estimated except the SEC registration fee.

SEC registration fee

 

$

311,815.26

 

Accounting fees and expenses

 

 

(1)

Legal fees and expenses

 

 

(1)

Printing and engraving expenses

 

 

(1)

Registrar and Transfer Agent’s fees

 

 

(1)

Miscellaneous fees and expenses

 

 

(1)

Total

 

 

(1)


(1)                                 Estimated expenses are not presently known. The foregoing sets forth the general categories of expenses (other than underwriting discounts and commissions) that we anticipate we will incur in connection with the offering of securities under this registration statement:statement on Form S-3.

 
SEC registration fee $1,627.89 
Legal fees and expenses  
Accounting fees and expenses  
Printing fees  
Trustee’s fees and expenses  
Miscellaneous      * 
Total $    * 

*The estimated expenses are presently indeterminable and will be set forth in the applicable prospectus supplement with respect to any offering of the Common Stock registered hereunder.

Item 15.Indemnification of Directors and Officers

The following summary is qualified in its entirety by reference to the complete text

Section 102 of the statutes referred to below and the amended and restated certificate of incorporation and amended and restated bylaws of BioScrip, Inc. (“BioScrip”).

We are incorporated under the lawsGeneral Corporation Law of the State of Delaware. Delaware (the “DGCL”) allows a corporation to eliminate the personal liability of directors of a corporation or its stockholders for monetary damages for a breach of a fiduciary duty as a director, except where the director breached his duty of loyalty, failed to act in good faith, engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved a stock repurchase or redemption in violation of Delaware corporate law or obtained an improper personal benefit.

Section 145 of the Delaware General Corporation Law provides thatDGCL empowers a Delaware corporation mayto indemnify any personsperson who are,was or areis a party or is threatened to be made partiesa party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was ana director, officer, director, employee or agent of such corporation, or is or was serving at the request of such personcorporation as ana director, officer, director, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. The indemnity may include expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided that such person acted in good faith and in a manner he or shesuch person reasonably believed to be in or not opposed to the corporation’s best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or hersuch person’s conduct was illegal.unlawful. A Delaware corporation may indemnify directors, officers, employees and other agents of such corporation in an action by or in the right of a corporation under the same conditions against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection with the defense and settlement of such action or suit, except that no indemnification is permitted without judicial approval if the person to be indemnified has been adjudged to be liable to the corporation. Where a present or former director or officer of the corporation is successful on the merits or otherwise in the defense of any personsaction, suit or proceeding referred to above or in defense of any claim, issue or matter therein, the corporation must indemnify such person against the expenses (including attorneys’ fees) which he or she actually and reasonably incurred in connection therewith.

Section 174 of the General Corporation Law provides, among other things, that a director who are,willfully or arenegligently approves of an unlawful payment of dividends or an unlawful stock purchase or redemption, may be held liable for such actions. A director who was either absent when the unlawful actions were approved or dissented at the time, may avoid liability by causing his or her dissent to such actions to be entered into the books containing the minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.

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Our bylaws provide that any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or suit byproceeding, whether civil, criminal, administrative or in the right of the corporationinvestigative, by reason of the fact that such person is or was a director or officer employee or agent of such corporation,the Company, or is or was serving while a director or officer of the Company at the request of such corporationthe Company as a director, officer, employee, agent, fiduciary or agentother representative of another corporation, partnership, joint venture, trust, employee benefit plan or enterprise. The indemnity may includeother enterprise, shall be indemnified by the Corporation against expenses (including attorneys’ fees), judgments, fines, excise taxes and amounts paid in settlement actually and reasonably incurred by such person in connection with the defense or settlement of such action, suit or suit providedproceeding to the full extent permissible under Delaware law.

In addition, our bylaws provide that the Company shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Company or is or was serving at the request of the Company as a director, officer, employee, agent, fiduciary or other representative of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, against any liability asserted against him and incurred by him in any such person acted in good faith and in a manner hecapacity, or she reasonably believed to be inarising out of his status as such, whether or not opposedthe Company would have the power to the corporation’s best interests except that no indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or her against such liability under the expenses which such officer or director has actually and reasonably incurred.provisions of the bylaws.

Section 6.01 of our amended and restated bylaws makes mandatory that we will indemnify our

We currently maintain directors and officers to the fullest extent permissible under the Delaware General Corporation Law. We are not required to indemnify any director or officer in connection with a proceeding brought by such director or officer unless (i) such indemnification is expressly required by law; or (ii) such indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under the Delaware General Corporation Law.liability insurance.

Article Eighth of our amended and restated certificate of incorporation provides that our directors shall have no personal liability to the Company or to its stockholders for monetary damages for breach of fiduciary

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duty as a director, except to the extent that Section 102(b)(7) (or any successor or additional provision) of the Delaware General Corporation Law, as amended from time to time, expressly provides that the liability of a director may not be eliminated or limited.

Section 102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duties as a director, except for liability for any:

transaction from which the director derives an improper personal benefit;
act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;
unlawful payment of dividends or redemption of shares; or
breach of a director’s duty of loyalty to the corporation or its stockholders.

In addition, the Delaware General Corporation Law and our amended and restated bylaws authorize us to purchase insurance for our directors and officers insuring them against certain risks as to which we may be unable lawfully to indemnify them. We have purchased insurance coverage for our directors and officers as well as insurance coverage to reimburse us for potential costs of corporate indemnification of our directors and officers, including liabilities arising under the Securities Act.

Item 16.Exhibits and Financial Statement Schedules

(a)           Exhibits.

The exhibits to this registration statement are listed in the exhibit index that immediately precedes such exhibits andattached hereto is incorporated herein by reference.

Item 17.Undertakings

(a)The undersigned registrant hereby undertakes:

(1)To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:Registration Statement:

to

(i)                                     To include any prospectus required by Section 10(a)(3) of the Securities Act;

to

(ii)                                  To reflect in the prospectus any facts or events arising after the effective date of the registration statementRegistration Statement (or the most recent post-effective amendment thereof) which individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of the Common Stock offered (if the total dollar value of the Common Stock offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;Statement; and

to

(iii)                               To include any material information with respect to the plan of distribution not previously disclosed in the registration statementRegistration Statement or any material change to such information in the registration statement;

Registration Statement;  provided, however,, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) aboveof this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the CommissionSEC by the registrantRegistrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement,Registration Statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement;statement.

(2)That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the Common Stocksecurities offered therein, and the offering of such Common Stocksecurities at that time shall be deemed to be the initial bona fide offering thereof.

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(3)To remove from registration by means of a post-effective amendment any of the Common Stocksecurities being registered which remain unsold at the termination of the offering.

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(4)That, for the purpose of determining liability under the Securities Act to any purchaser:

each

(A)                               Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

each

(B)                               Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of Common Stocksecurities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the Common Stocksecurities in the registration statement to which the prospectus relates, and the offering of such Common Stocksecurities at that time shall be deemed to be the initial bona fide offering thereof; provided,thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.date; and

(5)That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the Common Stock,securities, the undersigned registrant undertakes that in a primary offering of Common Stocksecurities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the Common Stocksecurities to the purchaser, if the Common Stocksecurities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell the Common Stocksuch securities to such purchaser:

(i)any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii)any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;Registrant;

(iii)the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its Common Stocksecurities provided by or on behalf of the undersigned registrant; and

(iv)        ��                     any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

That,

(b)                                 The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act)Act that is incorporated by reference in the registration statementRegistration Statement shall be deemed to be a new registration statement relating to the Common Stocksecurities offered therein, and the offering of the Common Stocksuch securities at that time shall be deemed to be the initial bona fide offering thereof.

(c)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that, in the opinion of the Securities and Exchange CommissionSEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the

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registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense

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of any action, suit or proceeding) is asserted by such director, officer, or controlling person in connection with the Common Stocksecurities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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EXHIBIT INDEX

Exhibit
Number

Description

1.1

Form of Underwriting Agreement.*

2.1+

Agreement and Plan of Merger, dated as of March 14, 2019, by and among BioScrip, Inc., Beta Sub, Inc., Beta Sub, LLC, HC Group Holdings I, LLC, HC Group Holdings II, Inc. and HC Group Holdings III, Inc. (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on March 15, 2019, SEC File Number 001-11993).

4.1

Third Amended and Restated Certificate of Incorporation of BioScrip, Inc. (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on August 7, 2019, SEC File Number 001-11993).

4.2

Certificate of Amendment to Certificate of Incorporation, amending the Third Amended and Restated Certificate of Incorporation of BioScrip, Inc. (incorporated by reference to Exhibit 3.3 to the Company’s Current Report on Form 8-K filed on August 7, 2019, SEC File Number 001-11993).

4.3

Second Amended and Restated Bylaws of Option Care Health, Inc., formerly known as BioScrip, Inc. (incorporated by reference to Exhibit 3.4 to the Company’s Current Report on Form 8-K filed on August 7, 2019, SEC File Number 001-11993).

4.4

Registration Rights Agreement, dated as of March 9, 2015, by and among the Company, Coliseum Capital Partners, L.P., Coliseum Capital Partners II, L.P., and Blackwell Partners, LLC, Series A. (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on March 10, 2015, SEC File Number 000-28740).

4.5

Amendment No. 1 to the Registration Rights Agreement dated June 10, 2016, by and among the Company, Coliseum Capital Partners, L.P., Coliseum Capital Partners II, L.P. and Blackwell Partners, LLC Series A. (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on June 13, 2016, SEC File Number 000-28740).

4.6

Amendment No. 2 to the Registration Rights Agreement dated June 14, 2016, by and among the Company and the investors party there. (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on June 14, 2016, SEC File Number 000-28740).

4.7

Common Stock Warrant Agreement, dated July 28, 2015, by and between the Company and the American Stock Transfer & Trust Company, LLC. (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on July 28, 2015, SEC File Number 000-28740).

4.8

Registration Rights Agreement, dated June 29, 2017, by and among the Company and the parties signatory thereto (incorporated by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed on June 29, 2017, SEC File Number 001-11993).

4.9

Amendment No. 1 to Registration Rights Agreement by and between BioScrip, Inc. and the stockholders of the Company signatory thereto (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed on March 15, 2019, SEC File Number 001-11993).

4.10

Warrant Agreement, dated June 29, 2017, by and among the Company and the subscribers signatory thereto (Incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on June 29, 2017, SEC File Number 001-11993).

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Table of Contents

Exhibit
Number

Description

4.11

Form of Letter Agreement, dated March 14, 2019, by and among BioScrip, Inc. and each of the Holders (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed on March 15, 2019, SEC File Number 001-11993).

4.12

Amended and Restated Warrant Agreement, dated as of March 14, 2019, by and among BioScrip, Inc. and the Holders (as defined therein) signatory thereto (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on March 15, 2019, SEC File Number 001-11993).

4.13

Registration Rights Agreement, dated as of August 6, 2019, by and among BioScrip, Inc. and HC Group Holdings I, LLC (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on August 7, 2019, SEC File Number 001-11993).

4.14

Director Nomination Agreement, dated as of August 6, 2019, by and among the BioScrip, Inc. and HC Group Holdings I, LLC (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on August 7, 2019, SEC File Number 001-11993).

4.15

Second Lien Notes Indenture, dated as of August 6, 2019, among HC Group Holdings II, LLC, as the Initial Issuer, BioScrip, Inc., as the Parent Issuer, subsidiary issuers and guarantors party thereto from time to time, and Ankura Trust Company, LLC, as the Trustee and Collateral Agent (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on August 7, 2019, SEC File Number 001-11993).

4.16

Supplemental Indenture, dated November 18, 2019, by and between Option Care Health, Inc., as parent issuer, and Ankura Trust Company, LLC, as trustee and collateral agent (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on November 19, 2019, SEC File Number 001-11993).

4.17*

Form of Certificate of Designations of Preferred Stock.

4.18*

Form of Warrant Agreement.

4.19*

Form of Subscription Rights Agreement.

4.20*

Form of Deposit Agreement

4.21*

Form of Unit Agreement

5.1

Opinion of Kirkland & Ellis LLP.

23.1

Consent of KPMG LLP.

23.2

Consent of KPMG LLP.

23.2

Consent of Kirkland & Ellis LLP (included in Exhibit 5.1).

24.1

Power of Attorney (included on signature page).


*     To filebe filed, if necessary, after effectiveness of this registration statement by an application foramendment to the purposeregistration statement or incorporated by reference from documents filed or to be filed with the SEC under the Exchange Act.

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Table of determiningContents

+                 Certain schedules attached to the eligibilityAgreement and Plan of Merger have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company will furnish copies of the trusteeomitted schedules to act under subsection (a) of Section 310 of the Trust Indenture Act (“Act”) in accordance with the rulesSecurities and regulations prescribedExchange Commission upon request by the Commission under Section 305(b)(2)Commission.

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Table of the Act.Contents

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SIGNATURESTABLE OF CONTENTS

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver,Bannockburn, State of Colorado,Illinois, on the 13th day of April, 2017.June 26, 2020.

BIOSCRIP, INC.

By:

/s/ Kathryn M. Stalmack

John C. Rademacher

Name: Kathryn M. Stalmack

John C. Rademacher

Title:  Senior Vice

Chief Executive Officer, President Secretary and
            General Counsel

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears immediately below constitutes and appoints John C. Rademacher and Michael Shapiro, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same with all exhibits thereto and other documents in connection therewith with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statementRegistration Statement has been signed by the following persons on June 26, 2020 in the capacities indicated on April 13, 2017.indicated:

Name

Title

Signature

Title(s)

*

Daniel Greenleaf

/s/ John C. Rademacher

President,

Chief Executive Officer, President and Director

John C. Rademacher

(Principal Executive Officer)

*

Jeffrey M. Kreger

Senior Vice President,

/s/ Michael Shapiro

Chief Financial Officer and Treasurer
Senior Vice President

Michael Shapiro

(Principal Financial Officer)

*

C. Britt Jeffcoat

/s/ Robert R. Kampstra

Senior Vice President, ControllerFinance and Chief Accounting Officer

Robert R. Kampstra

(Principal Accounting Officer)

*

R. Carter Pate

/s/ Harry M. Jansen Kraemer, Jr.

Non-Executive Chairman of the Board and Director

*

Michael G. Bronfein

Harry M. Jansen Kraemer, Jr.

Director

*

/s/ John J. Arlotta

Director

John J. Arlotta

/s/ Elizabeth Q. Betten

Director

Elizabeth Q. Betten

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Table of Contents

Name

Title

/s/ David W. Golding

Director

*

Michael Goldstein
Director
*

Steven Neumann
Director
*

Tricia Huong Thi Nguyen
Director
*

Christopher Shackelton
Director

* By:  David W. Golding

/s/ Kathryn M. Stalmack

Kathryn M. Stalmack
Attorney-in-FactAlan Nielsen

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Director


TABLE OF CONTENTS

EXHIBIT INDEX

Exhibit No.

Alan Nielsen

Description

 1.1

Form of underwriting agreement*

 3.1

/s/ R. Carter Pate

Second Amended and Restated Certificate of Incorporation, incorporated by reference to Exhibit 4.1 to the Company’s Form 8-K filed on March 17, 2005, SEC File Number 000-28740

Director

 3.2

R. Carter Pate

Amendment to Second Amended and Restated Certificate of Incorporation, incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on June 10, 2010, SEC File Number 000-28740

 3.3

Certificate of Designations for Series A Convertible Preferred Stock, incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on March 10, 2015, SEC File Number 000-28740

 3.4

/s/ Nitin Sahney

Certificate of Designations for Series C Convertible Preferred Stock, incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on June 14, 2016, SEC File Number 000-28740

Director

 3.5

Nitin Sahney

Certificate of Designation, Preferences, and Rights of Series D Junior Participating Preferred Stock, incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on August 12, 2016, SEC File No. 000-28740

 3.6

Amended and Restated Bylaws, incorporated by reference to Exhibit 3.2 to the Company’s Form 8-K filed on April 28, 2011, SEC File Number 000-28740

 4.1

/s/ Timothy P. Sullivan

Specimen Common Stock Certificate, incorporated by reference to Exhibit 4.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2005 filed with the SEC on March 31, 2006, SEC File Number 000-28740

Director

 4.2

Timothy P. Sullivan

Tax Asset Protection Plan dated as of August 11, 2016, by and between the Company and American Stock Transfer & Trust Company, LLC, as rights agent, which includes as Exhibit B the Form of Rights Certificate, incorporated by reference to Exhibit 4.1 to the Company’s Form 8-K filed with the SEC on August 12, 2016, SEC File No. 000-28740

 4.3

Amendment, dated September 9, 2016, to the Asset Purchase Agreement, dated June 11, 2016, as amended on June 16, 2016, and as further amended on September 2, 2016 (the “Asset Purchase Agreement”), by and among BioScrip, Inc., HomeChoice Partners, Inc., HS Infusion Holdings, Inc., and each of the subsidiaries of HS Infusion Holdings, Inc. set forth on the signature pages to the Asset Purchase Agreement, incorporated by reference to Exhibit 2.1 to the Company’s Form 8-K filed on September 12, 2016, SEC File Number 001-11993

 5.1

/s/ Mark Vainisi

Opinion of Dechert LLP regarding validity

Director

23.1

Mark Vainisi

Consent of KPMG LLP
23.2Consent of Dechert LLP (included in Exhibit 5.1)
24.1Powers of Attorney (included on signature page of the Registration Statement)**

*To be filed, if necessary, either by amendment to the Registration Statement or as an exhibit to a Current Report on Form 8-K and incorporated by reference herein.
**Previously filed.

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