The Kroger Co. Executes New Agreement with Express Scripts
Rhea-AI Summary
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), has announced a new agreement with Express Scripts, expanding access to prescription medications and health services at Kroger Family of Pharmacies. The agreement allows Kroger to immediately resume serving Express Scripts' Medicare Part D and Tricare/Department of Defense (DOD) plan customers. Additionally, Express Scripts' commercial and Medicaid clients can add Kroger pharmacies to their networks. This partnership potentially impacts over 100 million people in the United States who are covered under these various plans.
Positive
- Immediate access to Express Scripts' Medicare Part D and Tricare/DOD customer base
- Potential expansion to commercial and Medicaid networks
- Access to over 100 million potential customers through Express Scripts' network
- Enhanced market presence in pharmacy services sector
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, KR gained 2.25%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Agreement increases access to convenient, high-quality care for Express Scripts customers
The new agreement provides access to prescription medications and health services at the Kroger Family of Pharmacies for Express Scripts customers.
"At Kroger Health, we believe everyone should have access to comprehensive healthcare," said Colleen Lindholz, president, Kroger Health. "We look forward to again serving Express Scripts customers. This agreement reaffirms our commitment to bringing high-quality services to more customers across the country."
Under the new agreement, the Kroger Family of Pharmacies immediately resumes serving customers who are part of Express Scripts' Medicare Part D plans and Tricare/Department of Defense (DOD) plans. Additionally, Express Scripts commercial and Medicaid clients can add Kroger Family of Pharmacies to their respective networks. Collectively, these plans cover more than 100 million people in
For more information about which services Kroger Family of Pharmacies offer and to learn about which insurance plans they participate in, please visit: https://www.kroger.com/health/pharmacy.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies nearly half a million associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.
About Kroger Health
Kroger Health, the healthcare division of The Kroger Co., is one of America's leading retail healthcare organizations, serving more than 17 million patients annually. Kroger Family of Pharmacies operate more than 2,200 pharmacies across 35 states and The Little Clinic offers telehealth services in nine states and operates more than 220 in-person clinics in eight states. Our team of 24,000 healthcare practitioners, including pharmacists, nurse practitioners, physician assistants, registered dietitians and technicians believe in practicing at the top of our licenses, enabling "food as medicine" to help prevent disease before it starts, and helping people live healthier lives. For more information, visit www.kroger.com/health.
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SOURCE The Kroger Co.
FAQ
What does Kroger's new agreement with Express Scripts mean for shareholders?
Which insurance plans are immediately covered under KR's new Express Scripts agreement?
How many potential customers can KR reach through the Express Scripts agreement?
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