Healthcare Finance News September 21, 2022
This follows the increase of Walgreens’ stake to approximately 70% after spending $970 million last year.
Walgreens Boots Alliance is speeding up its plans for full ownership of Shields Health Solutions, and has entered into a definitive agreement to acquire the remaining 30% stake for about $137 billion.
The company’s full acquisition of Shields from other equity holders – including private equity firm Welsh, Carson, Anderson and Stowe and Founder and Board Chairman Jack Shields – follows the increase of Walgreens’ stake to approximately 70% after spending $970 million last year. The deal is expected to close by the end of this year.
Shields is a health system-owned specialty pharmacy integrator that Walgreens described as having delivered “strong financial performance,...