Investment Summary

Welsh Carson Anderson & Stowe and Walgreens Boots Alliance Invest In Shields Health Solutions

On July 31, 2019, private equity firm Welsh Carson Anderson & Stowe and Walgreens Boots Alliance invested in healthcare services company Shields Health Solutions

Investment Highlights
  • This is Welsh Carson Anderson & Stowe’s 31st and Walgreens Boots Alliance’s 10th transaction in the Healthcare Services sector.
  • This is Welsh Carson Anderson & Stowe’s 83rd and Walgreens Boots Alliance’s 21st transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 2nd and Walgreens Boots Alliance’s 2nd transaction in Massachusetts.

Investment Summary

Date 2019-07-31
Target Shields Health Solutions
Sector Healthcare Services
Investor(s) Welsh Carson Anderson & Stowe
Walgreens Boots Alliance
Deal Type Growth Capital
Advisor(s) Centerview Partners (Financial)
Goodwin Procter
Troutman Pepper Hamilton Sanders (Legal)

Target

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.

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Investor(S) 2

Investor

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 87 of 103
Sector (Healthcare Services) 31 of 35
Type (Growth Capital) 8 of 12
State (Massachusetts) 2 of 2
Country (United States) 83 of 98
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 AIM Software

Vienna, Austria

AIM Software GmbH provides data management solutions to the buy-side community. AIM’s GAIN suite of business applications helps leading financial institutions aggregate, master and report on their market data. AIM Software GmbH was founded in 1998 and is based in Vienna, Austria.

Sell €60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 CenterWell Senior Primary Care

Louisville, Kentucky, United States

CenterWell Senior Primary Care is a senior-focused, value-based care providers. CenterWell Senior Primary Care is based in Louisville, Kentucky.

Buy -
Investor

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 23 of 24
Sector (Healthcare Services) 10 of 11
Type (Growth Capital) 1 of 1
State (Massachusetts) 2 of 2
Country (United States) 21 of 22
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 PharMerica

Louisville, Kentucky, United States

PharMerica is a provider of pharmacy services and serves the long-term care, hospital pharmacy management services, specialty home infusion, and oncology pharmacy markets. PharMerica was founded in 2006 and is based in Louisville, Kentucky.

Buy $1.4B
FOLLOWING 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 -