Evernorth Health Services Announces Investment in Shields Health Solutions

▤ Summary

Evernorth Health Services announced a $3.5 billion preferred stock investment in Shields Health Solutions. The deal comes as Shields becomes a private standalone company after Sycamore Partners acquired it from Walgreens Boots Alliance. Evernorth says the investment will expand its role in specialty medicine and support more continuity of care across health care settings. Shields helps health systems develop and run specialty pharmacies and serves more than 80 health systems nationwide. The transaction also signals continued growth in specialty pharmacy and creates room for future investment between the parties.

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