BioScrip completes Critical Homecare Solutions acquisition

ELMSFORD, N.Y. BioScrip has created one of the largest home care providers in the United States with the completion of its acquisition of Critical Homecare Solutions, the specialty pharmacy company announced Thursday.

The acquisition, announced in late January, gives BioScrip a total of 33 community service centers, 61 specialty infusion pharmacies, 33 nursing locations and three mail-order pharmacies. BioScrip paid around $348 million in cash and stock while also issuing 3.4 million warrants with a $10 exercise price and a five-year term to CHS stockholders.

“The combination of CHS and BioScrip represents a significant step forward in our strategy to become the clinical leader in the management of the chronically ill across all drug-delivery technologies,” BioScrip chairman and CEO Richard Friedman said.