UnitedHealth is buying pharmacy operator Genoa: Axios


Health insurer UnitedHealth Group Inc has at least a tentative agreement to buy specialty pharmacy operator Genoa Health from private equity firm Advent International, news website Axios reported, citing a source familiar with the deal.

Genoa Chief Executive John Figueroa will move on and Chief Commercial Officer Mark Peterson will run the business for UnitedHealth, the report bit.ly/2MvSFW7 said.

Both UnitedHealth and Genoa Health were not immediately available for comments.
Bloomberg had reported bloom.bg/2Mxb0Ce on Tuesday that Advent International was in talk with potential buyers about selling Genoa Healthcare, citing people familiar with the matter.

PE Hub Healthcare Wire delivers private equity and M&A healthcare deal activity, fundraising news, people moves, regulatory updates and much more every Thursday. Subscribe now! It’s FREE.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.

PE Hub Healthcare Wire delivers private equity and M&A healthcare deal activity, fundraising news, people moves, regulatory updates and much more every Thursday. Subscribe now! It’s FREE.