Kroger expands specialty services
CINCINNATI and ORLANDO, Fla. – Axium Pharmacy Holdings, a wholly-owned subsidiary of Kroger, has agreed to acquire the outstanding shares of Modern HC Holdings, a specialty pharmacy, to create a combined specialty pharmacy that will operate as a wholly-owned subsidiary of Kroger. "Expanding our specialty pharmacy services will provide our customers with greater access to medications we don't currently dispense and access to additional services without going to another pharmacy," said Robert Clark, Kroger's senior vice president of merchandising, in a release. Orlando, Fla.-based ModernHEALTH has 500 employees and provides comprehensive specialty pharmacy services, including IVIG for patients who require IV-based therapies and comprehensive medication management for HIV, cystic fibrosis, transplant, hepatitis C, rheumatoid arthritis and dermatology. Kroger operates 2,230 pharmacy locations and 195 The Little Clinic locations. The transaction is subject to regulatory approvals, including from the Federal Trade Commission. Financial terms were not disclosed.