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 coincides with Shields' establishment as a private, standalone company upon its acquisition by Sycamore Partners (Sycamore), a private equity firm based in New York. This follows Sycamore's acquisition of Walgreens Boots Alliance (WBA), Shields' previous owner, which closed on August 28, 2025. Evernorth's investment in Shields is in the form of preferred stock and is not expected to have a material impact to The Cigna Group . . .