Kroger Closes Sale of Specialty Pharmacy Business

Core Points - The Kroger Co. has finalized the sale of its specialty pharmacy business to Elevance Health, which was initially announced on March 18, 2024 [1] - The transaction aims to ensure minimal disruptions for patients and associates during the transition [1] - The sale does not include Kroger Family of Pharmacies in-store retail locations and The Little Clinics [1] - The specialty pharmacy served patients with chronic illnesses requiring complex care [1] - The sale is not expected to impact Kroger's 2024 guidance [1] Company Overview - Kroger operates with nearly 420,000 associates and serves over 11 million customers daily through various retail food stores and a seamless digital shopping experience [2] - The company is committed to its purpose of feeding the human spirit and creating ZeroHungerZeroWaste communities [2]