KR - Kroger Passes The Baton: Sells Specialty Pharmacy Division To CarelonRx | Benzinga
On Monday, The Kroger Company (NYSE:KR) inked a definitive deal to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health, Inc. (NYSE:ELV), for an undisclosed amount.
Kroger’s in-store retail pharmacies and The Little Clinics are not included in this transaction as Kroger Specialty Pharmacy is separate from other Kroger Family of Pharmacies.
The retailer’s specialty pharmacy serves patients with chronic illnesses requiring complex care. The specialty pharmacy business supports patients ...