Albertsons acquires MedCart Specialty Pharmacy

BOISE, Idaho — Albertsons has taken a big step to expand its specialty pharmacy services. The company on Wednesday announced the acquisition of MedCart Specialty Pharmacy, a URAC accredited provider of specialty care services and medication management for patients and providers dealing with complex diseases.

“MedCart Specialty Pharmacy has built an exemplary operation which complements our patient-centered care strategy and pharmacy services growth plan,” Albertsons SVP pharmacy health and wellness Mark Panzer said. “Their team has done a tremendous job establishing a service culture that focuses on the patient.”

Under the acquisition, MedCart will continue to operate as it did before, but as a new business unit under Albertsons’ pharmacy team structure. The MedCart leadership team will remain in place, reporting directly to Albertsons group VP pharmacy operations, Dain Rusik.

“We’re excited to join the Albertsons Cos. team,” MedCart co-founder and VP specialty operations Eddie Abueida said “Our business principles and goals complement one another, which benefit everyone involved in the partnership – most importantly our patients.”

MedCart provides its services from two facilities in Michigan — a specialty pharmacy operations center and a 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,” MedCart co-founder and VP specialty business development Ed Saleh said. “Albertsons Companies presented an excellent opportunity for us to extend our mission to more patients.”

Albertsons is building out its specialty pharmacy capabilities at the same time as it bolsters its digital and omnichannel retail approach, having recently hired two key executives to grow its digital capabilities.