Kroger Announces Sale of Specialty Pharmacy Unit to Elevance Health

The Kroger Co. (KR) has completed the sale of its specialty pharmacy business to Elevance Health, following a definitive agreement announced on March 18, 2024. This transaction marks a strategic shift for KR, which has owned the specialty pharmacy business since 2012. The decision to sell was driven by a regular review of the company's assets, which indicated that the specialty pharmacy business would better realize its potential outside of Kroger's operations. The specialty pharmacy unit serves patients wi ...