Evernorth Health Services, a subsidiary of The Cigna Group (CI), announced a $3.5B investment in Shields Health Solutions, a specialty pharmacy management company. Evernorth’s investment coincides with Shields’ establishment as a private standalone company upon its acquisition by Sycamore Partners, a private equity firm based in New York. This follows Sycamore’s acquisition of Walgreens Boots Alliance (WBA), Shields’ previous owner, which closed on August 28, 2025. Evernorth’s investment in Shields is in the form of preferred stock and is not expected to have a material impact to The Cigna Group’s previously issued 2025 adjusted EPS guidance of at least $29.60.
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