International Flavors & Fragrances to sell pharma solutions unit to Roquette in $2.8bn deal

By on    Pharma Industry News  

International Flavors & Fragrances to sell pharma solutions unit to Roquette in $2.8bn deal

In a strategic move poised to reshape its business landscape, International Flavors & Fragrances Inc (IFF) has announced a definitive agreement to divest its Pharma Solutions division to Roquette, a French powerhouse in plant-based ingredients. The deal, valued at an impressive enterprise value of up to $2.85 billion, benchmarks an enterprise value to EBITDA multiple […]

Kroger to offload specialty pharmacy business to CarelonRx in strategic shift in healthcare services

By on    Retail Industry News  

Kroger to offload specialty pharmacy business to CarelonRx in strategic shift in healthcare services

The Kroger Co. (NYSE: KR) has announced a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health, marking a significant transaction in the healthcare industry. The deal is poised to reshape Kroger’s involvement in specialty pharmacy services, underscoring the company’s strategic evaluation of its assets to enhance […]