UnitedHealth Group Inc.’s OptumRx unit struck an agreement to ease customers’ access to drugs through Walgreens Boots Alliance Inc.’s drugstores, a move to help the business compete with rival pharmacy benefit managers.
Clients of OptumRx, the third-largest U.S. drug benefit manager after CVS Health Corp. and Express Scripts Holding Co., will be able to pick up 90-day prescriptions at almost 8,200 Walgreens pharmacies, rather than receiving them by mail, the companies said Thursday in a statement. Financial terms of the agreement weren’t disclosed.
The tie-up helps OptumRx keep up with similar offerings from CVS and Express Scripts, and may increase appeal to corporate clients, according to Peter Costa, an analyst at Wells Fargo & Co. OptumRx expanded in July with the acquisition of another pharmacy benefit manager, or PBM, Catamaran Corp.
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