UnitedHealth Purchases Pharmacy Genoa Healthcare From Advent

UnitedHealth Group Inc. bought pharmacy company Genoa Healthcare from private equity group Advent International. UnitedHealth, the biggest U.S. health insurer, beat out other parties including drugstore chain Walgreens Boots Alliance, which was said to be interested in Genoa in August, according to the person, who requested anonymity because the talks were private. Genoa runs more than 425 pharmacies in behavioral-health centers in 46 states, according to its website, serving more than 650,000 people.