Option Care Celebrates 25th Anniversary
Initiates Dividend Policy and Declares First Quarter Dividend of $0.02 Per
Share
BUFFALO GROVE, Ill., May 13 /PRNewswire-FirstCall/ -- Option Care, Inc. today
announced that its Board of Directors has initiated a quarterly dividend policy
and declared a dividend $0.02 per share for the first quarter of 2004. The
dividend is payable on June 15, 2004 to the shareholders of record as of June
1, 2004.
Raj Rai, Option Care's chief executive officer, commented, "This announcement
comes at a very appropriate time as Option Care marks its 25th anniversary.
The initiation of a dividend policy demonstrates the Board's optimism for the
future as well as confidence in the continued strong cash flow. The company is
debt-free with our excess cash available to fund future growth initiatives
while providing cash to our shareholders." Rai further added, "In the last twenty-five years the company has achieved
several milestones. We have transformed the company from primarily a franchisor
of health care services to a premier health care provider creating significant
value to our customers, patients, employees and shareholders. Today, Option
Care is recognized by managed care organizations and pharmaceutical
manufacturers as a leading national provider of home infusion and specialty
pharmacy services." About Option Care Option Care provides various home infusion therapies and specialty injectible
pharmaceuticals to patients at home and other alternate sites such as infusion
suites and physician's offices. The company's services and pharmaceuticals are
provided nationally through its pharmacy network.
Forward-Looking Statements This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to
be covered by the safe harbors created thereby. Forward-looking statements can
be identified by the use of terms such as "anticipates," "expects," "believes"
and other words having a similar meaning. Investors are cautioned that all
forward-looking statements involve risks and uncertainty. Such forward-looking
information involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements made by us, or on
our behalf. These statements are based upon assumptions and, although the
Company believes that the assumptions underlying the forward- looking
statements contained herein are reasonable, there can be no assurance that the
forward-looking statements included in this press release will prove to be
accurate.
Further Information on Option Care Can Be Found at:
http://www.optioncare.com/
http://www.optionmed.com/
http://www.mbimbi.com/ DATASOURCE: Option Care, Inc.
CONTACT: Paul Mastrapa, Chief Financial Officer of Option Care, Inc., +1-847-229-7773 Web site: http://www.optioncare.com/ http://www.optionmed.com/ http://www.mbimbi.com/
|