Walgreens Boots Alliance Acquires Majority Stake in CareCentrix

Sycamore Partners Acquires CareCentrix (Carve-out from Walgreens Boots Alliance)

August 28, 2025

Healthcare Services

Sycamore Partners has acquired CareCentrix, which will operate as a private standalone company following the closing. The acquisition is in partnership with Stefano Pessina and his family (who reinvested 100% of their interests); CareCentrix will continue to be led by CEO Steve Horowitz and management as it focuses on home-centered, value-based care.

Sycamore Partners Completes Acquisition of Walgreens Boots Alliance, Splitting Into Standalone Businesses

August 28, 2025

Healthcare Services

Sycamore Partners has completed its acquisition of Walgreens Boots Alliance (WBA), taking the company private and ending the listing of WBA common stock on Nasdaq. The transaction results in Walgreens, The Boots Group, Shields Health Solutions, CareCentrix, and VillageMD operating as separate standalone companies under private ownership.

Walgreens Boots Alliance Acquires Remaining Stake in Shields Health Solutions

September 20, 2022

Healthcare Services

Walgreens Boots Alliance entered into a definitive agreement to acquire the remaining ~30% stake in Shields Health Solutions for approximately $1.37 billion, completing WBA's move to full ownership of the specialty pharmacy integrator. Shields, a health system–focused specialty pharmacy accelerator headquartered in Stoughton, Massachusetts, has rapidly grown revenue and partnerships and will continue operating as a distinct business within Walgreens under new leadership.

Blazing Star Parent LLC (Offeror) to Acquire Walgreens Boots Alliance, Inc.

August 21, 2025

Healthcare Services

Blazing Star Merger Sub, Inc. announced it extended the expiration time and settlement date for its tender offers and related consent solicitations for Walgreens Boots Alliance, Inc.’s debt, in connection with the pending merger. The tender offer/consent process is expressly conditioned on the substantially concurrent closing of the acquisition of WBA under the agreement and plan of merger dated March 6, 2025.

CareRx Acquires Hogan Pharmacy Partners Ltd.

March 30, 2022

Healthcare Services

CareRx Corporation entered into a definitive asset purchase agreement to acquire Hogan Pharmacy Partners Ltd., a technology-enabled long-term care pharmacy serving about 725 residents in Ontario. The consideration includes C$2.2 million in CareRx common shares and a C$2.2 million vendor take-back note; CareRx expects the deal to close in May 2022 and to be immediately accretive to earnings while extending its technology and service capabilities for seniors' congregate care.

NeueHealth Acquires Majority Interest in Centrum Medical Holdings

July 7, 2021

Healthcare Services

NeueHealth, the care delivery and physician enablement business of Bright Health Group, has closed the acquisition of a majority interest in Centrum Medical Holdings, LLC, a value-based primary care operator. The deal expands NeueHealth's integrated, risk-bearing clinic footprint (bringing its total to 78 affiliated clinics) and supports planned geographic expansion including entry into Texas and North Carolina.