Kroger Co. (KR) announced on Friday the completion of its specialty pharmacy business sale to Elevance Health. This division of Kroger focuses on assisting patients with chronic illnesses that necessitate complex care. Patients and prescribers benefit from the company's skilled clinicians, superior therapy programs, educational resources, counseling, side effect management, financial assistance, personalized care, and administrative expertise.
Importantly, this transaction does not include Kroger's in-store retail pharmacy locations or The Little Clinics. Furthermore, Kroger stated that the transaction is not anticipated to affect its 2024 financial guidance.
