Divestiture • Retail

Carelon Acquires Kroger Specialty Pharmacy

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 1

Buyer

Carelon

Indianapolis, Indiana, United States

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 Context for Buyer #
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 Profile 1

SELLER

Kroger

Cincinnati, Ohio, United States

Category Company
Founded 1883
Sector Retail
Employees409,000
Revenue 147.1B USD (2025)
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 Context for Seller #
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
2024-01-13 MPearlRock

Palm Beach Gardens, Florida, United States

MPearlRock provides emerging consumer brands with significant resources and value-add opportunities across distribution, marketing, product development, manufacturing, supply chain, data analytics and talent acquisition functions. MPearlRock is based in Palm Beach Gardens, Florida.

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