Last updated on October 10th, 2024 at 05:20 pm
The Kroger Co. has finalized the sale of its specialty pharmacy business to Elevance Health.
The grocer announced the agreement on March 18. In closing the transaction, the retailer and Elevance Health have worked to ensure minimal disruptions for customers and associates.
The specialty pharmacy serves patients with chronic illness that requires complex care. Skilled clinicians and therapy programs allow patients and prescribers to benefit from education and resources, counseling, side effect management, financial assistance, personalized care and administrative expertise. The business supports patients facing diseases including rheumatoid arthritis, growth hormone deficiencies, multiple sclerosis and bleeding disorders.
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“Kroger Specialty Pharmacy has been part of our company since 2012, and we want to thank our management team and associates for their enduring commitment to their patients,” said Colleen Lindholz, president of Kroger Health.
“As part of our regular review of assets, it became clear that our strong specialty pharmacy business unit will better meet its full potential outside of our business …We are confident this transaction will help the business to grow and deliver better results for patients.”
Kroger Specialty Pharmacy is separate from other Kroger Family of Pharmacies, including in-store retail pharmacies and The Little Clinics, which are not included in the transaction.
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