grocery store manager kroger company plans to sell its specialty pharmacy business to the following companies: Careron RxIt is a subsidiary of. Elevance Health.
Kroger has entered into a definitive agreement for the sale, the company announced Monday (March 18). press release. The sale is expected to close in the second half of the year, subject to customary closing conditions and regulatory approvals.
“As part of our regular review of our assets, it became clear that our strong specialty pharmacy business unit could reach its full potential outside of our operations.” Colleen Lindholzpresident of kroger healthsaid in a release.
Kroger Specialty Pharmacy, which has been part of the company since 2012, serves patients with chronic conditions who require specialized care, according to a release. These diseases include rheumatoid arthritis, growth hormone deficiency, multiple sclerosis, and bleeding disorders.
The specialty pharmacy is separate from the grocery store's in-store retail pharmacy, The Little Clinic, and the rest of the Kroger Family of Pharmacies, neither of which are included in the deal, the release said. It is stated in.
In specialty pharmacy, clinicians and treatment programs provide patients and prescribers with education, resources, counseling, side effect management, financial assistance, personalized care and administrative expertise, according to the release.
“One of the most important considerations was continuity of operations with minimal disruption to our employees and patients,” Lindholz said of the planned transaction in a release. . “We are confident that this transaction will help us grow our business and deliver better outcomes for our patients. We look forward to working towards a smooth transition for our employees and patients.”
Elevance Health changed its name from Anthem in March 2022 to reinvent itself as a company with a broader focus. Health insurance.
The name change comes as the company's family of companies evolves to offer products and services beyond everyday health insurance, including digital capabilities, clinical, behavioral, pharmacy and complex care assets.
Currently, the company's companies include: Anthem Blue Cross and Blue Shield health plan, well point According to Elevance Health, its affiliated health plans and specialty companies, and Carelon Medical Services. Website.
At Kroger's March 7th earnings conference, the CEO said: Rodney McMullen the above grocery giant is targeting omnichannel shoppers to increase spending.
