Walgreens to take full ownership in Shields Health Solutions
By HME News Staff
Updated 9:26 AM CDT, Wed September 21, 2022
DEERFIELD, Ill. – Walgreens Boots Alliance has entered into a definitive agreement to acquire the remaining 30% stake in Shields Health Solutions for approximately $1.37 billion, giving WBA full ownership of the company. Shields is a health system-owned specialty pharmacy integrator. “Our full acquisition of Shields will complete another major milestone as part of our consumer-centric health care strategy to drive sustainable long-term growth, and we are very pleased with our partnership and integration with Shields,” said Roz Brewer, CEO, WBA. “We can now make further progress on our strategy through Shields’ integrated model, increasing our value to health systems, expanding access to payor partners and supporting improved outcomes and lower costs.” WBA in 2021 announced it would invest $970 million in Shields for approximately 71% ownership. This latest transaction is expected to close by the end of 2022.
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