M&A Deal Summary

Carelon Acquires Kroger Specialty Pharmacy

On March 18, 2024, Carelon acquired retailer Kroger Specialty Pharmacy from Kroger

Acquisition Highlights
  • This is Carelon’s 1st transaction in the Retail sector.
  • This is Carelon’s 1st transaction in the United States.
  • This is Carelon’s 1st transaction in Ohio.

M&A Deal Summary

Date 2024-03-18
Target Kroger Specialty Pharmacy
Sector Retail
Buyer(s) Carelon
Sellers(s) Kroger
Deal Type Divestiture

Target

Kroger Specialty Pharmacy

Cincinnati, Ohio, United States
Kroger Specialty Pharmacy operates in-store retail pharmacies and The Little Clinics. Kroger Specialty Pharmacy is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Carelon

Indianapolis, Indiana, United States

website


Category Company
Sector Business Services
DESCRIPTION

Carelon is focused on solving the healthcare system's complex cost and quality challenges by connecting the insights, the technology, and the people of organizations. The company's services span medical benefits management for specialty and post-acute care, payment integrity, and advocacy. Carelon is based in Indianapolis, Indiana.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Kroger

Cincinnati, Ohio, United States

website


Category Company
Founded 1883
Sector Retail
Employees500,000
Revenue 137.9B USD (2022)
DESCRIPTION

Kroger operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States under a variety of brands. The Kroger was formed in 1883 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 3 of 3
Sector (Retail) 1 of 1
Type (Divestiture) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-14 Albertsons

Boise, Idaho, United States

Albertsons is a food and drug retailer. Albertsons operates under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. Albertsons was formed in 1939 and is based in Boise, Idaho.

Buy $24.6B