Walgreens Boots Alliance to acquire a majority stake in Shields Health Solutions from Welsh, Carson, Anderson & Stowe for $970m.

Walgreens Boots Alliance, a pharmacy-led health and beauty retail company, agreed to acquire a majority stake in Shields Health Solutions, a specialty pharmacy integrator and accelerator, from Welsh, Carson, Anderson & Stowe, a private equity firm, for $970m. "Shields pioneered the integrated, health system specialty pharmacy approach that has quickly gained traction in the industry. In doing so, we have consistently delivered exceptional growth and value through a model that research shows leads to better outcomes and quality of life. WBA’s further investment in Shields is a validation of our proven growth strategy, and we are pleased they will be an even more powerful driver in helping us to broaden and deepen our differentiated model. We will remain focused on driving improved clinical and economic outcomes for our stakeholders: our valued health system partners, our patients most in-need, and our care-focused and talented team," Lee Cooper, Shields Health Solutions CEO.