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Kroger acquires specialty pharmacy

Kroger acquires specialty pharmacy

Kroger said Wednesday that it has acquired Modern HC Holdings, an Orlando, Fla.-based specialty pharmacy business, and would combine it with its Axium Pharmacy business. Terms were not disclosed.

Kroger acquired Axium in 2012.

"This strategic investment will accelerate the growth of Kroger's health and wellness business," Robert Clark, Kroger's SVP of merchandising, said in a statement. "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."

ModernHealth is one of the nation's largest independent providers of specialty pharmacy services. The company employs approximately 500 associates who provide comprehensive specialty pharmacy services including IVIG for patients who require IV-based therapies for autoimmune and primary immune deficiency diseases, and comprehensive medication management for HIV, cystic fibrosis, transplant, hepatitis C, rheumatoid arthritis and dermatology.

Kroger, headquartered in Cincinnati, operates 2,230 pharmacy locations and 195 The Little Clinic locations. The company's pharmacists also provide health coaching, biometric screening and other wellness services designed to deliver positive health outcomes for patients. Axium is one of the nation's largest independent providers of specialty pharmacy services, offering a range of clinical services to patients with complex chronic conditions.

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