Walgreens Boots Alliance Inc. will spend $970 million to acquire a 71% stake in Shields Health Solutions, a specialty pharmacy company. Shields contracts with health systems and hospitals to build and operate on-site specialty pharmacies. The transaction builds on a minority investment that Walgreens made in July 2019. According to a Sept. 21 press release, Shields “represent[s] more than 1 million specialty patients across more than 30 disease states, with more than 70 health system partners nationwide.”
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