About This Deal
The Kroger Co. acquired Modern HC Holdings, Inc. (ModernHEALTH) for approximately $407 million, a transaction completed in September 2016, structured as all cash.
Modern HC Holdings, Inc. (ModernHEALTH) operates in Specialty pharmacy / Healthcare. Kroger acquired 100% of the outstanding shares of Modern HC Holdings, Inc. ("ModernHEALTH"), a specialty pharmacy business, for $407 million. The transaction expanded Kroger's specialty pharmacy operations, later run as Kroger Specialty Pharmacy. The merger closed September 2, 2016.
Expansion of Kroger's specialty pharmacy capabilities.
Deal Terms
Acquirer
The Kroger Co.
Target
Modern HC Holdings, Inc. (ModernHEALTH)
Value
Approximately $407 million
Date
September 2016
Type
Acquisition
Status
Ready
Transaction Details
Segment
Specialty pharmacy / Healthcare
Structure
All cash
Closed
September 2, 2016
In Their Words
On September 2, 2016, we closed our merger with Modern HC Holdings, Inc. ("ModernHEALTH") by purchasing 100% of the outstanding shares of ModernHEALTH for $407 million.The Kroger Co. FY2016 Form 10-K, Mergers note
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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