Walgreens Boots Alliance (WBA) has acquired the remainder of Shields Health Solutions for about $1.4 billion and restructured its U.S. business to give the CEO of Shields a leadership role.

WBA’s full acquisition of Shields from other equity holders follows the increase of WBA’s stake to approximately 70% in September 2021. The transaction is expected to close by the end of the 2022 calendar year.

WBA said Shields will play a central role as Walgreens continues to align its capabilities across…

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