Walgreens Boots Alliance is investing $970 million for a majority stake in a specialty pharmacy company that works with hospitals and health systems to set up and run their own on-site specialty pharmacies.

The investment announced Tuesday in Shields Health Solutions — which will give Walgreens 71% ownership with “an option to acquire the remaining equity interests in the future” — builds on the global drugstore giant’s initial investment two years ago designed in part to help expand its network of “health system-owned specialty pharmacy programs,” the companies said at the time.

Read the full article

Let's Get To Work