Retail pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) has agreed to acquire the remaining 30% stake in specialty pharmacy operator Shields Health Solutions for $1.37 billion. WBA already owns roughly 71% of Shields through its last purchase of about $970 million in 2021. The deal is expected to close by the end of this calendar year. WBA has slowly increased its stake in Shields since 2019 and sees great value in its business. Shields provides premier health-system-owned pharmacy services for severe illnesses and diseases. Notably, Shields said its revenue has grown by approximately 57% in the first nine months of 2022.
https://www.tipranks.com/news/walgreens-nasdaqwba-expands-specialty-pharmacy-offerings-with-full-ownership-of-shields?utm_source=advfn.com&utm_medium=referral