Altamont Capital Partners has announced it sold Modern Healthcare, Inc., to The Kroger Co.
Altamont, based in Palo Alto, Calif., is focused on investing in middle-market businesses across a range of industries, including healthcare.
Kroger, based in Cincinnati, is one of the world’s largest grocery retailers.
Modern Healthcare, Inc. (also referred to as ModernHEALTH), with offices in Orlando, Fla., and Garden Grove, Calif., is a specialty pharmacy focused on patients with chronic illnesses.
Terms of the transaction were not disclosed.