Walgreens Boots Alliance Mergers & Acquisitions

Walgreens Boots Alliance M&A Summary

Walgreens Boots Alliance has acquired 26 companies of its own, including 2 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 3 assets.

Walgreens Boots Alliance’s largest acquisition to date was in 2017, when it acquired PharMerica for $1.4B. Walgreens Boots Alliance has acquired in 17 different US states, and 3 countries. The Company’s most targeted sectors include healthcare services (46%) and retail (30%).

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity24
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 16

Walgreens Boots Alliance

Walgreens Boots Alliance, Inc.

108 Wilmot Road,
Deerfield, Illinois 60015
United States,
(847) 315-3700
www.walgreensbootsalliance.com

All (27) Buy (24) Sell (3)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-09-02 Shields Health Solutions · Healthcare Services
Stoughton, Massachusetts · www.shieldshealthsolutions.com

Shields Health Solutions is a specialty pharmacy integrator and care provider, partnering with hospital leaders on every aspect of specialty pharmacy creation, growth and management. Shields provides the fastest, lowest risk model for health systems to create or grow a hospital-owned specialty pharmacy program. Shields Health Solutions was founded in 2012 and is based in Stoughton, Massachusetts.

- Secondary Buyout

Sycamore Partners PE

Walgreens Boots Alliance

Welsh, Carson, Anderson & Stowe PE


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