Davis Polk advised Morgan Stanley & Co. LLC as the underwriter in an SEC-registered public offering of 6,895,873 shares of common stock, par value $0.0001 per share, of BioScrip, Inc., sold by affiliates of Kohlberg & Company, as the selling stockholders. The net proceeds from the offering totaled approximately $89.6 million.
BioScrip, Inc. is a provider of infusion therapy, home health and pharmacy services, which partners with patients, physicians, hospitals, health care payors and pharmaceutical manufacturers to provide clinical management solutions and the delivery of prescription medications and home health services.
The Davis Polk corporate team included partners John B. Meade and Richard D. Truesdell, Jr., associate Meghan Maloney, law clerk Faizan A. Tukdi and former summer associate Eugene Baek. The tax team included partner Samuel Dimon and law clerk Thomas D. Phelan. The intellectual property team included partner Frank J. Azzopardi, associate Bruce Rose-Innes and law clerk Natalie A. Thomas. Sorina Delia Lazar and Karla A. Rivera Fortis were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.
