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Mark Montgomery

Kroger ups stake in specialty pharmacy

Kroger ups stake in specialty pharmacy

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

Kroger to buy specialty pharmacy ModernHEALTH

Kroger to buy specialty pharmacy ModernHEALTH

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