BioScrip, Inc.: Discussion of Key Credit Factors following upgrade
BioScrip's credit profile is constrained by the company's high financial leverage, integration risk following the merger with Option Care, and negative free cash flow.BioScrip is a provider of infusion solutions. The company partners with physicians, hospital systems, skilled nursing facilities, and healthcare payors to provide patients access to post-acute care services. Whether in the home, physician office, ambulatory infusion center, nursing facility or other alternate sites of care, the company provides products, services and clinical management programs to improve the care of individuals with health conditions such as gastrointestinal abnormalities, infectious diseases, cancer, multiple sclerosis, organ and blood cell transplants, bleeding disorders, immune deficiencies and heart failure. As of Dec 31 2017, the company had a total of 66 service locations in 27 states.
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