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WALGREENS BOOTS ALLIANCE, INC.

(WBA)
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Walgreens Boots Subsidiary Makes $970 Million Investment in Shields Health

09/21/2021 | 09:37am EDT

By Chris Wack

Walgreens Boots Alliance Inc. said its wholly owned Walgreen Co. subsidiary is making a majority investment in Shields Health Solutions, a health system-owned specialty pharmacy care.

Walgreens Boots said the investment is for $970 million investment, and builds on a minority equity investment made in July 2019.

The new investment gives Walgreens Boots 71% ownership of Shields, with an option to acquire the remaining equity interests in the future. Shields' other equity holders will also have the option to require Walgreens Boots to purchase the remaining equity interests, under the agreement.

Shields has more than 1 million specialty patients across more than 30 states, with more than 70 health system partners nationwide.

Following the completion of the majority investment, Shields would continue to operate under current executive leadership and as a distinct brand and entity.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

09-21-21 0936ET

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Financials (USD)
Sales 2021 132 B - -
Net income 2021 2 604 M - -
Net Debt 2021 9 796 M - -
P/E ratio 2021 16,6x
Yield 2021 3,90%
Capitalization 42 346 M 42 346 M -
EV / Sales 2021 0,40x
EV / Sales 2022 0,38x
Nbr of Employees 277 000
Free-Float 61,0%
Chart WALGREENS BOOTS ALLIANCE, INC.
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Walgreens Boots Alliance, Inc. Technical Analysis Chart | WBA | US9314271084 | MarketScreener
Technical analysis trends WALGREENS BOOTS ALLIANCE, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 48,92 $
Average target price 53,24 $
Spread / Average Target 8,82%
EPS Revisions
Managers and Directors
Rosalind Gates Brewer Chief Executive Officer & Director
James Kehoe Global Chief Financial Officer & Executive VP
Stefano Pessina Executive Chairman
Francesco Tinto Global Chief Information Officer & Senior VP
Ornella Barra Chief Operating Officer
Sector and Competitors