With PBM Investment, Costco Makes Foray Into Health Care

On March 3, St. Louis, Mo.-based integrated health system SSM Health revealed that Costco Wholesale Corp. purchased a minority stake in Navitus Health Solutions, the health system’s PBM that includes specialty pharmacy subsidiary Lumicera Health Services.

Ashraf Shehata, KPMG’s national sector leader for health care and life sciences, says this move is driven by a political push for greater drug price transparency, in particular with specialty pharmacy and branded pharmacy, and the need for a better cost model at PBMs.

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