Kroger Announces Sale of Specialty Pharmacy Unit to Elevance Health

Zacks10-07

The Kroger Co. KR has completed the sale of its specialty pharmacy business to Elevance Health, following a definitive agreement announced on March 18, 2024. This transaction marks a strategic shift ...

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This transaction marks a strategic shift ...</p>\n\n<a href=\"https://finance.yahoo.com/news/kroger-announces-sale-specialty-pharmacy-151700802.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kroger Announces Sale of Specialty Pharmacy Unit to Elevance Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKroger Announces Sale of Specialty Pharmacy Unit to Elevance Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-07 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/kroger-announces-sale-specialty-pharmacy-151700802.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Kroger Co. KR has completed the sale of its specialty pharmacy business to Elevance Health, following a definitive agreement announced on March 18, 2024. This transaction marks a strategic shift ...</p>\n\n<a href=\"https://finance.yahoo.com/news/kroger-announces-sale-specialty-pharmacy-151700802.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KR","symbol_name":"克罗格","start_time":0,"source_url":"https://finance.yahoo.com/news/kroger-announces-sale-specialty-pharmacy-151700802.html","article_id":"2473848667","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/x_9tDBRvijQEdUheNcHYcA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ce1f6029b6b998b98e4d6aeab07a59d5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473848667","pubTimestamp":1728314220,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Kroger Co. KR has completed the sale of its specialty pharmacy business to Elevance Health, following a definitive agreement announced on March 18, 2024. This transaction marks a strategic shift for KR, which has owned the specialty pharmacy business since 2012.The decision to sell was driven by a regular review of the company’s assets, which indicated that the specialty pharmacy business would better realize its potential outside of Kroger's operations. 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KR has completed the sale of its specialty pharmacy business to Elevance Health, following a definitive agreement announced on March 18, 2024. This transaction marks a strategic shift for KR, which has owned the specialty pharmacy business since 2012. The decision to sell was driven by a regular review of the company’s assets, which indicated that the specialty pharmacy business would better realize its potential outside of Kroger's operations. The specialty pharmacy unit serves patients with chronic illnesses requiring complex care, including conditions such as rheumatoid arthritis, growth hormone deficiencies, multiple sclerosis and bleeding disorders.\nImage Source: Zacks Investment Research\n \nKR’s Pharmacy Sale Enables Smooth Transition & Patient Care\nWith a focus on skilled clinicians and comprehensive therapy programs, the pharmacy offers education, resources, counseling, side effect management, financial assistance and personalized care to both patients and prescribers. This transaction does not include Kroger's in-store retail pharmacies or The Little Clinics, ensuring that those services remain separate from the sale.Throughout the transition, both Kroger and Elevance Health worked diligently to minimize disruptions for patients and associates. The sale is not anticipated to impact KR's financial guidance for 2024, as the companies aim to ensure a smooth transition that fosters better outcomes for patients.RBC Capital Markets, LLC served as Kroger's financial advisor for the transaction, whereas Weil, Gotshal & Manges LLP and Arnold & Porter Kaye Scholer LLP provided legal counsel. The completion of this sale is expected to facilitate growth and improved results for the specialty pharmacy business, in turn, benefiting the patients it serves.\nOther Growth Endeavors of KR\nKroger's clearly defined customer segmentation strategy, along with its focus on value and commitment to its 'Our Brands' portfolio, has helped it maintain a strong competitive position. The management remains dedicated to its core strengths, which include offering a diverse selection of fresh products, delivering personalized shopping experiences, and creating a seamless digital ecosystem. These efforts are designed to sustain positive momentum and drive growth.\nConclusion\nThe sale of Kroger's specialty pharmacy business to Elevance Health signifies a pivotal moment for the company, allowing it to streamline operations and focus on its core strengths. By divesting this segment, KR aims to enhance its overall service offerings while ensuring that the specialty pharmacy continues to thrive under Elevance Health's stewardship. This strategic move not only positions Kroger for sustained growth but also ensures that patients receive the specialized care and support they need without disruption. As both companies work toward a seamless transition, the focus remains on delivering improved outcomes for patients, reaffirming KR's commitment to quality care and innovation in the healthcare sector.Shares of this Zacks Rank #2 (Buy) company have gained 7.5% in the past month compared with the industry’s 4.8% growth.\nOther Stocks to Consider\nSome other top-ranked stocks are Nordstrom Inc. JWN, Abercrombie & Fitch Co. ANF and Build-A-Bear Workshop BBW.Nordstrom is a leading fashion specialty retailer in the United States. The company offers an extensive selection of branded and private-label merchandise. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Nordstrom’s fiscal 2024 sales indicates growth of 0.6% from the fiscal 2023 reported figure. JWN has a negative trailing four-quarter average earnings surprise of 17.8%.Abercrombie is a specialty retailer of premium, high-quality casual apparel. It flaunts a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter. The consensus estimate for Abercrombie’s fiscal 2025 earnings and sales indicates growth of 63.4% and 13.1%, respectively, from the fiscal 2024 reported levels. ANF has a trailing four-quarter average earnings surprise of 28%.Build-A-Bear Workshop is the leading and only national company providing a make-your-own stuffed animal interactive retail-entertainment experience. It currently carries a Zacks Rank of 2. The Zacks Consensus Estimate for Build-A-Bear Workshop’s fiscal 2024 earnings and sales indicates growth of 8.8% and 1.2%, respectively, from the fiscal 2023 reported figures. BBW has a negative trailing four-quarter average earnings surprise of 3.9%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAbercrombie & Fitch Company (ANF) : Free Stock Analysis Report\nThe Kroger Co. (KR) : Free Stock Analysis Report\nNordstrom, Inc. (JWN) : Free Stock Analysis Report\nBuild-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473848667"}