Kroger Announces Definitive Agreement For Sale Of Its Specialty Pharmacy Business; Transaction Subject To Customary Closing Conditions And Expected To Close H2 2024
Portfolio Pulse from Benzinga Newsdesk
Kroger has entered into a definitive agreement to sell its specialty pharmacy business, which caters to patients with chronic illnesses requiring complex care. The transaction is subject to customary closing conditions and is expected to close in the second half of 2024.
March 18, 2024 | 8:20 pm
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Kroger's sale of its specialty pharmacy business could streamline its operations and focus on its core segments, potentially improving its financial health.
Selling non-core businesses can allow Kroger to concentrate on its primary grocery business, potentially leading to better allocation of resources and improved profitability. The sale is expected to close in H2 2024, indicating a strategic move to enhance shareholder value.
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