Walgreens Boots Alliance (Nasdaq: WBA) plans to invest $970 million in Shields Health Solutions, which aids both hospitals and health systems with specialty pharmacy services, Home Health Care News reports.
It’s another major move for Walgreens, which is trying to position itself as an all-encompassing health care behemoth prepared for the sector’s near- and long-term trends.
The deal, which is set to close in February, would give Walgreens a 71% stake in the Massachusetts-based Shields, with an option to acquire the remaining portion of the company thereafter. Read more.
