Option Care Health, Inc.: Initiation Of Coverage – Its Efficient Spending Through Technology and Automation Paying Off?

This is our first report on Option Care Health. The company reported a decent set of Fourth Quarter 2023 Earnings. They attribute a significant part of their growth to their commitment to offering innovative services aiming to improve patient outcomes and reduce costs. In 2023, they served over 270,000 patients and expanded their portfolio of life-saving therapies. They reported a full-year revenue of $4.3 billion, marking a 9.1% growth from the previous year. Also impressive was the 24% growth in Adjusted EBITDA to $425 million, significantly exceeding their initial expectations for 2023.