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Walgreens Boots Alliance reportedly exploring $4B plus sale of Shields Health Solutions

The specialty pharmacy business could be valued at more than $4 billion in a sale, per a Bloomberg report, which cited people familiar with the matter.

Walgreens Boots Alliance is reportedly exploring a sale of Shields Health Solutions, the specialty pharmacy business it acquired a majority of three years ago, per a Bloomberg report on Tuesday night, that cited people familiar with the matter.

According to the report, the people said that Walgreens is working with advisers to explore interest in Shields Health, which is expected to draw interest from private equity firms and health-care companies.

The report also said that Walgreens hasn't made a final decision on the business and may decide to keep it.

[Read more: Walgreens Boots Alliance takes full acquisition of Shields Health Solutions]

In September 2022, Walgreens Boots Alliance bought the remaining stake in Shields Health Solutions for approximately $1.37 billion, after spending $970 million to increase its stake in the company to 71% the year before. 

[Read more: WBA reports Q1 results]

A Walgreens spokesperson contacted by Drug Store News said the company has no comment on the report.

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