The Cincinnati Business Courier reports that Kroger-owned Axium Pharmacy Holdings "has agreed to buy Modern HC Holdings Inc., which is also known as ModernHealth. The two companies will combine to create an 800-employee specialty pharmacy company."
Terms of the deal were not disclosed.
Robert Clark, Kroger’s senior vice president of merchandising, says that the deal "will accelerate the growth of Kroger’s health and wellness business ... 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. (The merger) will allow Kroger to both serve more customers who require complex drug therapies and deliver those therapies at greater value to customers and insurance payers."
Terms of the deal were not disclosed.
Robert Clark, Kroger’s senior vice president of merchandising, says that the deal "will accelerate the growth of Kroger’s health and wellness business ... 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. (The merger) will allow Kroger to both serve more customers who require complex drug therapies and deliver those therapies at greater value to customers and insurance payers."
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