Kroger Acquires Axium Pharmacy
The target makes medicines for cancer, hepatitis C, rheumatoid arthritis and other conditions
The Kroger Co. (NYSE: KR) will acquire all of Axium Pharmacy Holdings Inc.’s outstanding shares.
Lake Mary, Fla-based Axium is a specialty pharmaceutical company founded in 2000. It makes medications to treat cancer, hepatitis C, rheumatoid arthritis, multiple sclerosis and other conditions.
“The combination of Axium's expertise and Kroger's 1,950 pharmacy locations, 91 Little Clinic locations, and pharmacists who provide health coaching, biometric screening and other wellness services will deliver positive health outcomes for our patients, cost savings for insurance payers, and unique services for physicians, says Lincoln Lutz, Kroger’s vice president of corporate pharmacy.
Kroger, headquartered in Cincinnati, Ohio, is a retailer that operates supermarkets, jewelry stores and pharmacies. Terms of the deal weren’t disclosed.
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