Walgreens Boots Alliance September 20, 2022
WBA Completes Another Major Milestone in Its Consumer-Centric Healthcare Strategy to Drive Long-Term Growth
WBA Also Announces New Leadership Structure for U.S. Business Segment
DEERFIELD, Ill.– Sept. 20, 2022 — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the acceleration of its plans for full ownership of Shields Health Solutions (Shields), which is delivering strong financial performance, clinical excellence and value-add contributions to WBA’s business. WBA has entered into a definitive agreement to acquire the remaining 30% stake (approximately 35% on a fully-diluted basis) for approximately $1.37 billion, which is based on the exit multiple agreed at the time of WBA’s 2021 investment in Shields.
Shields is a leader in the large, fast-growing market of specialty pharmacy, and is the...
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