The Kroger Co. announced on October 7, 2024, that it has closed the transaction to sell its specialty pharmacy business to Elevance Health. This divestiture was initially agreed upon in March 2024.
The sale specifically excludes Kroger Family of Pharmacies in-store retail locations and The Little Clinics, ensuring that Kroger maintains its core retail pharmacy presence. The specialty pharmacy business served patients with chronic illnesses requiring complex care.
Kroger stated that the sale is not expected to have an impact on its 2024 guidance. This move allows Kroger to streamline its healthcare operations and focus on its primary pharmacy services within its grocery stores.
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