Option Care Announces 2004 Earnings

BUFFLAO GROVE, Ill.–At the end of last month, home infusion
giant Option Care announced that its revenue for 2004 had increased
17 percent–to $414 million–from previous-year results. Net income
increased from $8.7 million in 2003 to $18.9 million in 2004–a 117
percent jump.

“Our home infusion and specialty pharmacy services continue to
generate solid organic growth,” said CEO Raj Rai. “Going forward in
2005, we will aggressively pursue growth opportunities including
acquisitions, new drug distribution relationships and new
managed-care contracts for specialty pharmacy services.”

During a late February conference call, Rai told investors he
expects strong company growth to continue in the coming
years–within “a range of 15 to 20 percent,” he said.

In other company news, Option Care has recently signed on with
the Accreditation Commission for Health Care (ACHC) to accredit its
company-owned branches; franchises will be able to use the
accrediting body on a voluntary basis.

Option Care provides home infusion and specialty pharmacy
services through a network of 130 company-owned and franchise
locations in 32 states.