{"id":7659,"date":"2016-08-26T08:31:53","date_gmt":"2016-08-26T08:31:53","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=7659"},"modified":"2016-08-26T08:31:53","modified_gmt":"2016-08-26T08:31:53","slug":"kroger-acquisition-bolsters-its-specialty-pharmacy-reach","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2016\/08\/kroger-acquisition-bolsters-its-specialty-pharmacy-reach\/","title":{"rendered":"Kroger Acquisition Bolsters Its Specialty Pharmacy Reach"},"content":{"rendered":"

As first we noted in the August 2016 Drug Stores & HBC Chains DataTrac<\/a> report, The Kroger Co. made a significant acquisition this month in the form of specialty pharmacy ModernHeatlh via its wholly-owned subsidiary Axium Pharmacy Holdings.\u00a0 With the acquisition, Kroger merged the two companies to create a single Lake Mary, FL-based specialty-pharmacy business under the leadership of Dom Meffe, the current CEO of ModernHealth. The new business will continue to operate as an independent entity.<\/p>\n

The fifth largest prescription-drug provider in the US according to Chain Store Guide<\/strong> data (trailing Walgreens, CVS, Rite Aid and Wal-Mart), in 2015 Kroger filled more than 180 million prescriptions, generating approximately $9.8 billion in sales.<\/p>\n

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The acquisition provides Kroger with a greater base from which to realize economies of scale and grow its specialty-pharmacy business, particularly in the south and southwest.<\/p>\n","protected":false},"excerpt":{"rendered":"

As first we noted in the August 2016 Drug Stores & HBC Chains DataTrac report, The Kroger Co. made a significant acquisition this month in the form of specialty pharmacy ModernHeatlh via its wholly-owned subsidiary Axium Pharmacy Holdings.\u00a0 With the acquisition, Kroger merged the two companies to create a single Lake Mary, FL-based specialty-pharmacy business… Continue reading Kroger Acquisition Bolsters Its Specialty Pharmacy Reach<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[17],"class_list":["post-7659","post","type-post","status-publish","format-standard","hentry","category-drug-hbc","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=7659"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7659\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=7659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=7659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=7659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}