Kroger Sells Specialty Pharmacy Business to CarelonRx

The grocery chain Kroger has entered into an agreement to sell its specialty pharmacy business to CarelonRx, a unit of the health insurer Elevance Health. Kroger’s specialty pharmacy business serves patients with chronic illnesses requiring complex care.

Kroger Specialty Pharmacy is separate from other Kroger pharmacies, including in-store retail pharmacies, which will not be part of the CarelonRx deal. The deal is subject to customary closing conditions and regulatory approvals but is expected to close in the second half of 2024.