Walgreens invests US$970M to grab controlling stake in Shields Health Company

USA – Walgreens Boots Alliance, a global leader in retail pharmacy, has committed approximately US$970 million to acquire a majority stake in Shields Health Solutions to expand its specialty pharmacy business. The investment brings Walgreens’ total stake in Shield to 71%, and the company has an option to acquire the remaining equity interests in the future. The Illinois-based company had taken a minority stake in Shields in 2019. Founded in 2012, Shields Health Solutions helps hospitals provide specialty pharmacy services. Specialty pharmacies are designed to deliver medications with unique handling,…

Read More