Cigna’s Evernorth Health Services, looking to bolster its lucrative specialty pharmacy business, is investing $3.5 billion in Shield Health Solutions, which is now owned by the private equity firm that took over Walgreens. In this photo is The Cigna Group headquarters in Bloomfield, Connecticut, US, on Friday, Oct. 27, 2023. Photographer: Joe Buglewicz/Bloomberg © 2023 Bloomberg Finance LP

Cigna’s Evernorth Health Services, looking to bolster its lucrative specialty pharmacy business, is investing $3.5 billion in Shield Health Solutions, which is now owned by the private equity firm that took over Walgreens

Evernorth’s investment in Shields, which was sold to private equity firm Sycamore Partners last week in the $10 billion takeover of Walgreens, is in the form of preferred stock and

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