Advent International has reportedly held talks with potential buyers about selling pharmacy company Genoa Healthcare, which could be worth about $2.5 billion at sale, in today's bite-sized hospital and health industry news from Florida, Massachusetts, and Tennessee.
- Florida: Joe DiMaggio Children's Hospital has named Caitlin Beck Stella as CEO. Stella has previously served as the chief administrative officer for UCLA Mattel Children's Hospital & Women's Health and as a health care industry consultant for PricewaterhouseCoopers. She succeeds Chantal Leconte, who has retired (Bandell, South Florida Business Journal, 8/8).
- Massachusetts/Minnesota/Washington: UnitedHealth Group has reached a tentative agreement with Advent International to buy Genoa Health, a specialty pharmacy operator, according to sources familiar with the deal, Axios reports. Bloomberg in a separate report did not name UnitedHealth Group as a buyer but said Genoa's sale price could hover around $2.5 billion. Walgreens Boots Alliance has also shown interest in buying Genoa, according to Bloomberg (The Daily Briefing is published by Advisory Board Research, a wholly owned subsidiary of UnitedHealth Group.) (Primack, Axios, 8/8; Ostuni, Twin Cities Business, 8/9; Porter et al., Bloomberg, 8/7).
- Tennessee: At least 74 people in Nashville have contracted hepatitis A since last December, Tennessee health officials said last week. Officials are urging the public to get vaccinated against the disease to stop its spread and are offering no-cost vaccinations for at-risk groups at three public health centers (AP/Sacramento Bee, 8/10).
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