Evernorth Health Services completed a $3.5bn investment in Shields Health.

Evernorth Health Services, a provider of pharmacy, care, and benefits solutions, completed a $3.5bn investment in Shields Health Solutions, a specialty pharmacy integrator. Evernorth’s investment in Shields is in the form of preferred stock. “Our team at Shields has been proud to deliver exceptional clinical, financial and operational outcomes for our health system partners and their patients served through our differentiated care model. Both Sycamore’s acquisition of Shields, and Evernorth’s support for the transaction, demonstrate clear validation of our successful health system-focused specialty pharmacy strategy and patient-focused care model,” Michael Ham, Shields Health Chief Executive Officer.