latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/unitedhealth-acquires-illinois-based-online-pharmacy-startup-8211-cnbc-60536016 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

UnitedHealth acquires Illinois-based online pharmacy startup – CNBC

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

UnitedHealth acquires Illinois-based online pharmacy startup – CNBC

UnitedHealth Group Inc. has acquired Illinois-based DivvyDose for just over $300 million, CNBC reported, citing a person familiar with the deal.

DivvyDose is an online pharmacy startup that helps patients with chronic illnesses get their medicines in presorted packages. The company accepts all major insurance plans and reportedly does not charge any additional fees for its services outside of the patients' copay.

The transaction is part of the trend of retailers and health plans acquiring startups in the online pharmacy space intending to make it easier for patients to take their medicines, according to the report. This trend includes Inc.'s acquisition of PillPack Inc., a competitor of DivvyDose, in 2018.

A UnitedHealth spokesperson declined to comment.