Sycamore Partners Completes Acquisition of Walgreens Boots Alliance, Splitting Into Standalone Businesses

Walgreens Boots Alliance Acquires Remaining Stake in Shields Health Solutions

September 20, 2022

Healthcare Services

Walgreens Boots Alliance entered into a definitive agreement to acquire the remaining ~30% stake in Shields Health Solutions for approximately $1.37 billion, completing WBA's move to full ownership of the specialty pharmacy integrator. Shields, a health system–focused specialty pharmacy accelerator headquartered in Stoughton, Massachusetts, has rapidly grown revenue and partnerships and will continue operating as a distinct business within Walgreens under new leadership.

Walgreens Boots Alliance Acquires Majority Stake in CareCentrix

October 14, 2021

Healthcare Services

Walgreens Boots Alliance (WBA) has acquired a majority interest in CareCentrix, investing approximately $330 million for a 55% stake at an $800 million valuation, giving WBA majority ownership. The transaction (now completed) integrates CareCentrix's home-centered care coordination capabilities into WBA's newly launched Walgreens Health segment while CareCentrix continues to operate under its existing leadership.

Sycamore Partners Acquires CareCentrix (Carve-out from Walgreens Boots Alliance)

August 28, 2025

Healthcare Services

Sycamore Partners has acquired CareCentrix, which will operate as a private standalone company following the closing. The acquisition is in partnership with Stefano Pessina and his family (who reinvested 100% of their interests); CareCentrix will continue to be led by CEO Steve Horowitz and management as it focuses on home-centered, value-based care.

Blazing Star Parent LLC (Offeror) to Acquire Walgreens Boots Alliance, Inc.

August 21, 2025

Healthcare Services

Blazing Star Merger Sub, Inc. announced it extended the expiration time and settlement date for its tender offers and related consent solicitations for Walgreens Boots Alliance, Inc.’s debt, in connection with the pending merger. The tender offer/consent process is expressly conditioned on the substantially concurrent closing of the acquisition of WBA under the agreement and plan of merger dated March 6, 2025.

VillageMD to Acquire Summit Health-CityMD for ~$8.9B

November 7, 2022

Healthcare Services

VillageMD entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty, and urgent care, in a transaction valued at approximately $8.9 billion. Walgreens Boots Alliance will invest $3.5 billion and will remain the largest shareholder, while Evernorth (an affiliate of Cigna) will take a minority ownership position in the combined company. The deal is expected to close in the first quarter of 2023.

Partners Group Acquires Wedgewood Pharmacy from New Harbor Capital

December 9, 2020

Healthcare Services

Partners Group, a global private markets investment manager, has acquired a majority stake in Wedgewood Pharmacy from New Harbor Capital. Wedgewood is a leading U.S. compounding pharmacy for animal health that employs over 700 people across multiple states and serves tens of thousands of veterinarians and hundreds of thousands of pet owners; the deal closed April 1, 2021.