M&A Deal Summary

Sycamore Partners Acquires CareCentrix

On August 28, 2025, private equity firm Sycamore Partners acquired healthcare services company CareCentrix from Walgreens Boots Alliance

Acquisition Highlights
  • This is Sycamore Partners’ 1st transaction in the Healthcare Services sector.
  • This is Sycamore Partners’ 24th transaction in the United States.
  • This is Sycamore Partners’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2025-08-28
Target CareCentrix
Sector Healthcare Services
Buyer(s) Sycamore Partners
Sellers(s) Walgreens Boots Alliance
Deal Type Secondary Buyout

Target

CareCentrix

Hartford, Connecticut, United States
CareCentrix provides specialty benefit management services to health plans, improving quality and reducing costs in several areas of home-based healthcare such as home nursing, home medical equipment, home drug infusion, sleep diagnostic tests and hospital readmissions. CareCentrix was founded in 1996 and is based in Hartford, Connecticut.

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Buyer(S) 1

Buyer

Sycamore Partners

New York, New York, United States

Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Sycamore Partners is an opportunistic and operationally focused private equity firm that targets businesses and divisions in the consumer and retail sectors. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 28 of 29
Sector: Healthcare Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 6
State: Connecticut M&A 1 of 1
Country: United States M&A 24 of 25
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-06 Walgreens Boots Alliance

Deerfield, Illinois, United States

Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1909 and is based in Deerfield, Illinois.

Buy $23.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 Shields Health Solutions

Stoughton, Massachusetts, United States

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.

Buy -

Seller(S) 1

SELLER

Walgreens Boots Alliance

Deerfield, Illinois, United States

Category Company
Founded 1909
Sector Retail
Employees206,000
Revenue 139.1B USD (2023)
DESCRIPTION
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.

Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1909 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 2 of 3
Sector: Healthcare Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 2
State: Connecticut M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 CareCentrix

Hartford, Connecticut, United States

CareCentrix provides specialty benefit management services to health plans, improving quality and reducing costs in several areas of home-based healthcare such as home nursing, home medical equipment, home drug infusion, sleep diagnostic tests and hospital readmissions. CareCentrix was founded in 1996 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 Shields Health Solutions

Stoughton, Massachusetts, United States

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.

Sell -