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Albertsons Expands Specialty Services through Acquisition of MedCart Specialty Pharmacy

BOISE, Idaho, May 31, 2017 /PRNewswire/ — Albertsons Companies announced today that it recently acquired MedCart Specialty Pharmacy in order to strengthen and extend its pharmacy specialty services. MedCart Specialty Pharmacy is an industry-leading, URAC accredited, pharmaceutical and healthcare provider of customized specialty care services and medication management for patients and physicians addressing complex diseases.

“MedCart Specialty Pharmacy has built an exemplary operation which complements our patient centered care strategy and pharmacy services growth plan,” explained Mark Panzer, Senior Vice President, Albertsons Companies, Pharmacy Health and Wellness. “Their team has done a tremendous job establishing a service culture that focuses on the patient.”

MedCart Specialty Pharmacy, privately owned since 2012, will continue to operate as it does today as a new business unit under the Albertsons Companies Pharmacy team structure. The current MedCart leadership will carry on leading their team and report directly to Dain Rusk, Group Vice President, Pharmacy Operations, Albertsons Companies.

“We’re excited to join the Albertsons Companies team,” states Eddie Abueida, RPh, Co-founder and Vice President, Specialty Operations, MedCart Specialty Pharmacy. “Our business principles and goals complement one another, which benefit everyone involved in the partnership – most importantly our patients.”

MedCart Specialty Pharmacy provides specialty prescription services and medications from two facilities in Michigan: one specialty pharmacy operations center and one local pharmacy.

“We’ve worked hard to create an infrastructure that serves patients and providers with the utmost in quality specialty care services and coordination that are required for these medications,” Ed Saleh, RPh, Co-founder and Vice President, Specialty Business Development, MedCart Specialty Pharmacy. “Albertsons Companies presented an excellent opportunity for us to extend our mission to more patients.”

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2016 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

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