DEERFIELD, Ill.--(BUSINESS WIRE)--Option Care, an independent infusion services company, today announced the appointment of Michael H. Shapiro as Senior Vice President and Chief Financial Officer. Shapiro will lead all aspects of Option Care’s finance, accounting, treasury and M&A functions, working directly with Chief Executive Officer Paul Mastrapa as part of the Option Care executive leadership team.
“Mike brings a wealth of experience and an impressive track record of success within the healthcare industry,” said Mastrapa. “This is a pivotal time for Option Care, and I’m confident that Mike’s leadership will help us capitalize on our position at the forefront of the $14 billion and growing alternate site infusion market.”
Shapiro most recently served as the Senior Vice President and Chief Financial Officer for Catamaran Corporation, one of the nation’s leading pharmacy benefits managers. Shapiro joined Catamaran in 2012 as Senior Vice President, Finance and became CFO in 2014, leading the process through which the company was sold to UnitedHealth Group.
Prior to joining Catamaran, Shapiro was Vice President and CFO for Rexnord Corporation, a publicly traded diversified industrial company. Shapiro previously spent 15 years at Baxter International, Inc., a global medical device and biopharmaceutical manufacturer, where he served in various financial leadership positions including Vice President, Finance and Business Development for the Renal Division of Baxter.
“I’m thrilled to join the executive team of a company with such a strong and respected legacy among healthcare providers, patients and the healthcare industry as a whole,” said Shapiro. “This is an exciting time for Option Care and I look forward to helping drive its financial growth and success.”
One of the nation’s largest providers of home and alternate site infusion services, Option Care has the ability to serve more than 90 percent of the U.S. population, with 92 infusion pharmacies and 110 alternate treatment sites in 40 states, and almost 5,000 employees.
Shapiro began his career as an audit professional with Deloitte & Touche and is a Certified Public Accountant. He earned an MBA from the University of Chicago Booth School of Business in Finance and Strategy and a BS in Accounting from Miami University (Ohio).
About Option Care
Option Care, formerly Walgreens Infusion Services, offers clinical care provided by specially trained infusion nurses and pharmacists who treat patients with a wide range of acute, chronic and rare conditions. As one of the nation’s largest providers of home and alternate treatment site infusion services, Option Care has 92 infusion pharmacies and 110 alternate treatment sites across the country. Learn more at www.OptionCare.com.