Report: Genoa Healthcare may be for sale

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Report: Genoa Healthcare may be for sale

By Sandra Levy - 08/08/2018
Private-equity firm Advent International has reportedly held talks with potential buyers about the sale of pharmacy company Genoa Healthcare, according to a Bloomberg report.

Walgreens Boots Alliance is said to be among those suitors interested in Genoa, Bloomberg's report said.

Genoa, which is estimated to be worth about $2.5 billion has more than 400 full-service pharmacies within community mental-health centers. It serves about 650,000 customers and has more than 250 psychiatrists and nurse practitioners who provide telepsychiatry services to mental-health patients, according to the report.

A Walgreens deal with Genoa would add to Walgreens' number of pharmacies, which increased last year when the chain acquired 1,932 new stores from Rite Aid.