BioScrip Inc. (Nasdaq: BIOS) will acquire HomeChoice Partners Inc. for $70 million in cash.

Norfolk, Va.-based HomeChoice, a majority-owned subsidiary of DaVita Healthcare Partners Inc. (NYSE: DVA), provides alternate-site pharmacy services. The company supplies antibiotic therapy, IV immune globulin and chemotherapy services to patients in their homes.

BioScrip, headquartered in Eden Prairie, Minn., provides pharmaceutical and home-care services.

The deal is expected to close in the first quarter of 2013.


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