CINCINNATI — Axium Pharmacy Holdings Inc., a unit of Kroger Co., has agreed to acquire Modern HC Holdings Inc. (ModernHEALTH), a specialty pharmacy operator, to create a combined specialty pharmacy organization. Terms of the transaction, which is subject to regulatory approval, were not disclosed. The new entity will operate as a wholly owned subsidiary of
The continuous roller coaster of retail sales results could make even the greatest optimist weep. In recent months, when retailers like Macy’s, Nordstrom, Kohl’s, J.C. Penney and Target reported less than stellar results, it was hard not to take on a Chicken Little view that the sky was falling. Retailers blamed a variety of factors:
CINCINNATI — Boosting its presence in the fast-growing specialty pharmacy arena, Kroger Co. has unveiled a deal for its Axium Pharmacy Holdings Inc. subsidiary to acquire Modern HC Holdings Inc., the parent of pharmacy services operator ModernHEALTH. Financial terms of the agreement weren’t disclosed. Plans call for Axium and ModernHEALTH to operate as a combined
CINCINNATI — Kroger Co. has promoted Valerie Jabbar to division president of the Ralphs food and drug chain. Plans call for Jabbar to assume the post effective July 23, which is when current Ralphs president Donna Giordano will retire from the company after 44 years of service. Jabbar currently serves as vice president of merchandising for
CINCINNATI — Mary Ellen Adcock has been promoted to group vice president of retail operations at The Kroger Co. The food and drug retailer said Wednesday that Adcock, currently vice president of operations for Kroger’s Columbus division, assumes the new position on May 16. She succeeds Marnette Perry, whose retirement was previously announced. “Mary Ellen brings
WASHINGTON — The National Association of Chain Drug Stores is urging the Senate to pass legislation that it says would spur collaboration among health and enforcement authorities for drug abuse solutions “that maintain patients’ legitimate access to medications” while fighting opioid abuse. The trade organization supports the Ensuring Patient Access and Effective Drug Enforcement Act
MINNETONKA, Minn. — Kroger Co., Target Corp., Giant Eagle, Meijer and Wegmans Food Markets Inc. were winners in UnitedHealthcare’s 2015 Targeted Intervention Program (TIP) Challenge, aimed at improving medication adherence. UnitedHealthcare said Monday that Kroger and Target won in the large retail pharmacy chain category (900 or more locations), Giant Eagle and Meijer were the
CINCINNATI — Lynn Gust is retiring from his post as president of Kroger Co.’s Fred Meyer Stores division and will be succeeded by Jeff Burt, president of Kroger’s Central division. Kroger said Tuesday that Gust is slated to retire effective Jan. 31. Based in Portland, Ore., Fred Meyer offers one-stop shopping, including pharmacies, at 132
CINCINNATI — Kroger Co. plans to acquire food and drug retailer Roundy’s Inc. in a deal valued at about $800 million. Kroger said Wednesday that under the agreement it will buy all outstanding shares of Roundy’s for nearly $178 million in cash, or $3.60 per share, and assume Roundy’s $646 million in debt. Unanimously approved
CINCINNATI — Kroger Co. vice president of pharmacy Philecia Avery was recognized by the National Diversity Council with a 2015 Most Powerful & Influential Women Award. Kroger said Thursday that Avery was presented with the award at the 8th Annual Ohio Diversity & Leadership Conference in Columbus, Ohio. She was one of 13 women honored
CINCINNATI — Kroger Co. has named four executive vice presidents to lead key parts of its business. Mike Donnelly is now EVP of merchandising, Chris Hjelm is EVP and chief information officer, Fred Morganthall is EVP of retail operations, and Mike Schlotman is EVP and chief financial officer. “This new organizational structure will help Kroger
CINCINNATI — Kroger Co. has promoted four executives — including its top merchant, retail operations chief, chief financial officer and chief information officer — to lead key lines of business. The food and drug retailer said Thursday that it has appointed Mike Donnelly as executive vice president of merchandising, Fred Morganthall as executive VP of
NEW YORK — The retail health clinic market is seeing competition intensify as the leading players expand their reach with new locations. Market leader MinuteClinic, part of CVS Health, got a big boost last month with CVS’ $1.9 billion deal to buy the pharmacy and clinic business of Target Corp. With the move, the approximately
NASHVILLE, Tenn. — The Little Clinic has earned The Joint Commission Gold Seal of Approval for the third straight time. A Kroger Co. subsidiary, the retail health clinic operator said Monday that it initially earned accreditation in 2009, followed by reaccreditation in 2012 and 2015. The reaccreditation process occurs every three years. In its certification
