Evernorth Health Services Invests $3.5 Billion In Shields Health Solutions

Evernorth Health Services (Evernorth), a subsidiary of The Cigna Group invested $3.5 billion in Shields Health Solutions (Shields), a specialty pharmacy management company, according to a recent announcement. Evernorth's investment follows the establishment of Shields as a private, standalone company upon its acquisition by Sycamore Partners (Sycamore), a private equity firm based in New York, which acquired Walgreens Boots Alliance (WBA), the previous owner of Shields, earlier this year.

Investing in Shields allows Evernorth to seek more opportunities to support consumers and provider organizations while enhancing the continuity of care across specialty health care settings. Evernorth could continue . . .