Hy-Vee acquires Amber Pharmacy

WEST DES MOINES, Iowa — Hy-Vee on Monday announced that it has entered into an agreement to purchase Amber Pharmacy, a specialty pharmacy solutions provider based in Omaha, Neb. Hy-Vee and Amber Pharmacy have been partners in Hy-Vee Pharmacy Solutions since 2010. This acquisition allows Hy-Vee to expand its current specialty pharmacy business, providing customers with increased specialty options, access and affordability.

"The partnership between Hy-Vee and Amber Pharmacy has been very successful over the last four years," stated Randy Edeker, chairman, CEO and president of Hy-Vee. "Specialty pharmacy continues to experience tremendous growth. Amber Pharmacy's talented team, innovative practices and commitment to customer service will allow us to respond to that growth while meeting and exceeding our customer needs."

Amber Pharmacy will maintain its existing name and operations, including headquarters in Omaha and locations in Chicago, Dallas and Philadelphia. The specialty pharmacy company will operate independently and will continue to be led by current president Michael Agostino, retaining all employees.

"The Kaplan family's history with Hy-Vee, along with their commitment to customer service, health and wellness, makes them an ideal partner to grow Amber Pharmacy's presence," said William Kaplan Sr.  "Together, we will continue to be trusted partners with our patients, healthcare providers, insurance payers and manufacturers." 

Hy-Vee established Hy-Vee Pharmacy Solutions in 2010. The company was founded to provide Hy-Vee employees with specialty pharmacy services more efficiently and economically. Since that time, Hy-Vee Pharmacy Solutions has grown and specialty pharmacy has become an important focus for Hy-Vee and service for its customers. 

The purchase price was not disclosed, but the acquisition was approved by the boards of both companies and pending regulatory approval should close within the next 30 days.