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UnitedHealth acquires Illinois-based online pharmacy startup – CNBC

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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 Amazon.com Inc.'s acquisition of PillPack Inc., a competitor of DivvyDose, in 2018.

A UnitedHealth spokesperson declined to comment.