UnitedHealth Group acquires Genoa Healthcare for $2.5B

Anicka Slachta | | Health Exec | Policy & Regulations
Money

UnitedHealth Group, the U.S.’s largest health insurer, last week bought pharmacy company Genoa Healthcare for $2.5 billion, Bloomberg reports.

A source familiar with the private talks told Bloomberg UnitedHealth beat other interested parties to the deal, including Walgreens Boots Alliance, which was reportedly interested in Genoa several months ago. Genoa runs more than 425 pharmacies in behavioral health centers across 46 states, serving an estimated 650,000 patients.

Genoa will be wrapped into UnitedHealth’s pharmacy benefit group, OptumRx, with the goal of improving care for patients with mental health and substance abuse issues. The company was bought through Advent International, a private equity firm that bought an 80 percent stake in Genoa in 2015.

Read the full report from Bloomberg below:

UnitedHealth Purchases Pharmacy Genoa Healthcare From Advent

""
Anicka Slachta

After graduating from Indiana University-Bloomington with a bachelor’s in journalism, Anicka joined TriMed’s Chicago team in 2017 covering cardiology. Close to her heart is long-form journalism, Pilot G-2 pens, dark chocolate and her dog Harper Lee.

Related Content

Report: 44% of adults in the U.S. are uninsured or underinsured
Texas AG sues hospital for $10K after off-duty police barred from carrying guns
Cardiologists reflect on developing primary PCI in face of criticism and pushback
PBMs sue FTC for alleged Fifth Amendment violation
FDA issues Class I alert on Philips ventilators after 4 injuries
Trump selects Emmy-winning TV personality Dr. Oz to head CMS

Around the web

Cardiovascular Business
Q&A: MedAxiom CEO explores key trends in cardiologist, cardiovascular surgeon compensation

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

Cardiovascular Business
Payment cuts and beyond: Key takeaways for cardiologists from the 2025 Medicare Physician Fee Schedule

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

AI in Healthcare
A modest proposal to rally AI regulators around a simple game plan

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”