K&L Gates Assists Shields Health Solutions on Acquisition by Walgreens Boots Alliance
New York - Global law firm K&L Gates LLP has assisted Shields Health Solutions, a specialty pharmacy management company, on the agreement by Walgreens Boots Alliance (WBA) to acquire the remaining approximately 30% stake in Shields not previously held by it for $1.37 billion in cash. The transaction is expected to close by the end of the 2022 calendar year.
Shields is the leading health system-owned specialty pharmacy integrator in the United States. The full acquisition of Shields from other equity holders follows the increase of WBA’s stake to approximately 70% in September 2021, on which K&L Gates also advised Shields.
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.