Kroger to Sell Specialty Pharmacy Business to Elevance Health's CarelonRx
ELVElevance Health(ELV) PYMNTS·2024-03-19 07:52

Grocery store operator The Kroger Company plans to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health.Kroger has entered into a definitive agreement for the sale, the company said in a Monday (March 18) press release. Subject to customary closing conditions and regulatory approvals, the sale is expected to close in the second half.“As part of our regular review of assets, it became clear that our strong specialty pharmacy business unit will better meet its full potential outs ...