Kroger to Acquire Axium Pharmacy
November 16, 2012
Cincinnati-based The Kroger Co. announced that it will acquire the outstanding shares of Axium Pharmacy Holdings Inc. to create a merger of the two companies. Founded in 2000, Axium provides drug therapies and patient-support services to treat chronic, genetic and other complex medical conditions. "Kroger and Axium are a strategic fit as we look to enter the high-growth specialty pharmacy business," said Lincoln Lutz, Kroger's vice president of corporate pharmacy. Financial terms of the acquisition were not disclosed. Mark Montgomery, Axium's president and CEO, will continue to lead the company.