Cigna invests $3.5B in specialty pharmacy company

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Cigna subsidiary Evernorth Health Services is investing $3.5 billion in Shields Health Solutions, a specialty pharmacy company launched after Walgreens went private. 

Shields partners with more than 80 health systems across more than 1,000 hospitals and clinics nationwide to help them build and manage in-house specialty pharmacies, according to a Sept. 2 news release from the company. 

The investment will allow Evernorth to have more opportunities to support patients and providers along with providing an option for additional investment in Shields over time, the release said.

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