UnitedHealth in talks to buy Illinois pharmacy startup for $300M

UnitedHealth Group is in advanced talks to buy an online Illinois pharmacy startup called DivvyDose for about $300 million, people familiar with the matter told Bloomberg. 

Advertisement

DivvyDose was founded by Arvind Movva, MD. It sends customers individually packaged medications with dosage information on each packet.

The discussions aren’t final, and a deal may not materialize. UnitedHealth and DivvyDose didn’t immediately respond to Bloomberg‘s request for comment. 

Read more here.

More articles on payers:
BCBS of Michigan offers buyouts to 8,500+ employees
First COVID, now Medicare payment cuts will hurt American health care
BCBS insurers reach tentative $2.7B deal over antitrust case

At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.

Advertisement

Next Up in Payer

Advertisement

Comments are closed.