Datapoint: Elevance to Acquire Kroger Specialty Pharmacy
Elevance Health Inc.’s CarelonRx PBM has agreed to acquire the Kroger Co.’s specialty pharmacy business, according to a March 18 press release. The deal is expected to close in the second half of this year and is subject to customary closing conditions. The companies did not disclose any financial details of the transaction, which does not include Kroger’s in-store retail pharmacies. Colleen Lindholz, president of Kroger Health, said in a statement that Kroger has owned its specialty pharmacy since 2012 and that “it became clear that our strong specialty pharmacy business unit will better meet its full potential outside of our business.” Elevance currently serves 11.85 million pharmacy lives across its insurance products.
SOURCE: MMIT Analytics, as of 3/25/24
