OPTION CARE INC/DE
8-K, 1998-12-17
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                                   FORM 8-K

                                Current Report
                      Pursuant to Section 13 or 15(d) of
                          The Securities Act of 1934

                       Date of Report: December 16, 1998

                               OPTION CARE, INC.
            (Exact name of registrant as specified in its charter)

          Delaware                   80-19878              36-3791193
(State or other jurisdiction     Commission File No.      (IRS Employer 
      of incorporation)                                 Identification No.)


100 Corporate North
Suite 212
Bannockburn, Illinois                                          60015
(Address of principal executive office)                      (Zip code)

Registrant's telephone number, including area code:     (847) 615-1690
<PAGE>
 
                                    INDEX 
                               OPTION CARE, INC.


ITEM 1.  Changes in Control of Registrant               Not Applicable

ITEM 2.  Acquisition or Disposition of Assets           Not Applicable

ITEM 3.  Bankruptcy or Receivership                     Not Applicable

ITEM 4.  Changes in Registrant's Certifying Accountant  Not Applicable

ITEM 5.  Other Events                                   Not Applicable

ITEM 6.  Resignations of Registrant's Directors         Not Applicable

ITEM 7.  Financial Statements and Exhibits              Not Applicable

    (a)  Financial Statements of Businesses Acquired    Not Applicable

    (b)  Pro Forma Financial Information                Not Applicable

    (c)  Exhibit; Exhibit 16                            Page 3
<PAGE>
 
     Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized. 

     Dated:  December 16, 1998

                              OPTION CARE, INC.
                              By: Michael A. Siri


                              _________________________________
                         
                              Michael A. Siri
                              Chief Financial Officer

<PAGE>

                                                                      EXHIBIT 16
 
[LOGO OF KPMG]        Peat Marwick LLP       


December 11, 1998


Securities and Exchange Commission
Washington, D.C. 20549

Ladies and Gentlemen:

We were previously principal accountants for Option Care, Inc. and, under the 
date of March 26, 1998, we reported on the consolidated financial statements of 
Option Care, Inc. and subsidiaries as of December 31, 1997 and 1996 and for the 
three-year period ended December 31, 1997. On December 1, 1998, our appointment 
as principal accountants was terminated. We have read Option Care, Inc.'s 
statements included under Item 4 of its Form 8-K dated December 8, 1998, and we 
agree with such statements, except that: 1) we are not in a position to agree or
disagree with Option Care, Inc.'s statement that the change in principal 
accountants was recommended by the audit committee of the board of directors; 2)
we are not in a position to agree or disagree with Option Care, Inc.'s stated 
reason for changing principal accountants; 3) we are not in a position to agree 
or disagree with Option Care, Inc.'s statement that engagement of Ernst & Young 
arose from proposal requests for audit services from multiple firms; 4) we are
not in a position to agree or disagree with Option Care, Inc.'s statements 
regarding steps implemented to correct the reportable conditions communicated to
the audit committee of the board of directors of Option Care, Inc. and 5) we are
not in a position to agree or disagree with Option Care, Inc.'s statement that 
Ernst & Young was not engaged regarding the application of accounting principles
to a specified transaction or the type of audit opinion that might be rendered 
on Option Care, Inc.'s financial statements.

Very truly yours,

KPMG Peat Marwick LLP


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