Walgreens Boots Alliance is speeding up its plans for full ownership of Shields Health Solutions, and has entered into a definitive agreement to acquire the remaining 30% stake for about $1.37 billion.

The company’s full acquisition of Shields from other equity holders – including private equity firm Welsh, Carson, Anderson and Stowe and Founder and Board Chairman Jack Shields – follows the increase of Walgreens’ stake to approximately 70% after spending $970 million last year.

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