August 8, 2018 / 7:32 PM / a year ago

UnitedHealth is buying pharmacy operator Genoa: Axios

(Reuters) - 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 said.

Both UnitedHealth and Genoa Health were not immediately available for comments.

Bloomberg had reported on Tuesday that Advent International was in talk with potential buyers about selling Genoa Healthcare, citing people familiar with the matter.

Reporting by Diptendu Lahiri in Bengaluru

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