Optum quietly snaps up another specialty pharmacy as UnitedHealth’s Q3 profits balloon
October 16, 2018 / Evan Sweeney
UnitedHealth quietly purchased Avella Specialty Pharmacy last quarter, marking its second such acquisition over the three-month span. The company disclosed the acquisition in its third-quarter financial filing but did not list the purchase price. Last month, the insurer said it acquired Genoa Healthcare, a specialty pharmaceutical company that offers telepsychiatry services and medication management for behavioral health patients. The acquisition added 435 pharmacy locations to the insurer’s PBM OptumRx. Optum spokesperson Matt Stearns said the company is not disclosing the terms of the deal. Avella’s 2017 revenues hit $1.35 billion in 2017, according to Inc. 5000’s annual list of fastest growing companies. Its three-year revenue growth reached 71%.