Walgreens Boots invests $970M in Shields Health Solutions
By HME News Staff
Updated 9:42 AM CDT, Wed September 29, 2021
DEERFIELD, Ill. – Walgreens Boots Alliance is making a majority investment in Shields Health Solutions, an integrated, health system-owned specialty pharmacy. The approximately $970 million investment will support the continued growth of Shields’ strategy and build on a minority equity investment that WBA announced in July 2019. “Delivering pharmacy and health care services in the local community is one of many ways WBA is working to improve access and health outcomes, as well as to lower the total cost of care,” said Roz Brewer, CEO, Walgreens Boots Alliance. “We’re continuing to make strategic investments in pharmacy and health care solutions that can build on our core pharmacy business, and further expand our health care reach in communities. The Shields model has shown to improve patient care and will be complementary to our existing specialty pharmacy offering, further expanding our capabilities to best meet the needs of health system partners and patients.” The new investment gives WBA approximately 71% ownership of Shields, with an option to acquire the remaining equity interests in the future. Under the agreement, Shields’ other equity holders will also have the option to require WBA to purchase the remaining equity interests.
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