−Removed: The risk factors disclosed in “Item 1A.
−Removed: Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2019 are hereby incorporated by reference.
−Removed: In addition to these risk factors, you should carefully consider the risk factor below:
−Removed: The recent COVID-19 pandemic could adversely impact our business operations, results of operations, cash flows and financial position
−Removed: In December 2019, a novel strain of coronavirus (COVID-19) was reported in Wuhan, China.
−Removed: The World Health Organization has declared COVID-19 a pandemic and public health emergency of international concern.
−Removed: In March 2020, the President of the United States declared a State of National Emergency due to the COVID-19 outbreak.
−Removed: Other countries affected by the outbreak took similar measures.
−Removed: Consequently, the COVID-19 pandemic has had a material impact on the U.S.
−Removed: and global economies.
−Removed: We are closely monitoring the impact of the COVID-19 pandemic on all aspects of our business, including how it will impact our patients, teammates, suppliers, vendors, referral sources, and third party payers.
−Removed: The COVID-19 pandemic has created significant volatility, uncertainty and economic disruption, which may adversely affect our business operations and may materially and adversely affect our results of operations, cash flows and financial position.
−Removed: While we cannot predict the impact that COVID-19 will have on our patients, suppliers, vendors, and third party payers and each of their financial conditions, we believe the following factors could lead to a material adverse impact on the Company’s business:
−Removed: • Variability in acute therapy patient referrals from hospitals based on changes in hospital-based procedures and treatment patterns;
−Removed: • Variability in chronic therapy patient referrals based on disruptions in the diagnosis of chronic conditions requiring infusion therapy;
−Removed: • Inefficiencies in clinical labor expenses and higher labor costs from staffing disruptions and availability, potential overtime due to inefficient clinical staffing and utilization of contract labor;
−Removed: • Higher costs to procure, and potential unavailability of, critical personal protection equipment, pharmaceuticals and medical supplies given a constrained supply environment;
−Removed: • Heightened operational risks from an extended period of remote work arrangements, which could strain our business continuity plans, including but not limited to cybersecurity risks, and could impair our ability to manage our business.
−Removed: The situation is changing rapidly and additional consequences may arise that we are not aware of currently.
−Removed: The extent to which the COVID-19 pandemic impacts us will depend on numerous evolving factors and future developments that we are not able to predict, including:
−Removed: the severity and duration of the outbreak;
−Removed: governmental, business and other actions;
−Removed: the promotion of social distancing and the adoption of shelter-in-place orders affecting our referral sources;
−Removed: the impacts on our supply chain;
−Removed: the impact of the pandemic on economic activity;
−Removed: the health of and the effect on our workforce;
−Removed: any impairment in value of our tangible or intangible assets which could be recorded as a result of a weaker economic conditions;
−Removed: and the potential effects on our internal controls including those over financial reporting as a result of changes in working environments such as shelter-in-place and similar orders that are applicable to our teammates.
−Removed: In addition, if the pandemic continues to create disruptions or turmoil in the credit or financial markets, or impacts our credit ratings or stock price, it could adversely affect our ability to access capital on favorable terms and continue to meet our liquidity needs, all of which are highly uncertain and cannot be predicted.
−Removed: In addition, we cannot predict the impact that COVID-19 will have on our patients, suppliers, vendors, and third party payers, and each of their financial conditions;
−Removed: however, any material effect on these parties could adversely impact us.
−Removed: The impact of COVID-19 may also exacerbate other risks discussed in Item 1A.
−Removed: Risk Factors in our Annual Report on Form 10-K, any of which could have a material effect on us.
−Removed: This situation is changing rapidly and additional impacts may arise that we are not aware of currently.
+Added: There have been no material changes to the risk factors affecting our business, financial condition or results of operations from those set forth in Part I, Item 1A.
+Added: “Risk Factors” in our Annual Report on form 10-K for the year ended December 31, 2020.
+Added: Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially adversely affect our business, financial condition and/or operating results.
(a) Exhibits.
Exhibit Number Description
+Added: 10.1 First Amendment to First Lien Credit Agreement, dated as of January 21, 2021, by and among Option Care Health, Inc., the guarantors party thereto, Bank of America, N.A.
+Added: and the financial institutions party thereto .
+Added: 10.2 Second Amendment to ABL Credit Agreement, dated as of January 21, 2021, by and among Option Care Health, Inc., the guarantors party thereto, Bank of America, N.A.
+Added: and the financial institutions party thereto .
31.1 Certification of Chief Executive Officer pursuant to 18 U.S.C.
15 unchanged sentences
OPTION CARE HEALTH, INC.
−Removed: November 3, 2020
/s/ Michael Shapiro
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.