Evernorth in its $3.5 billion investment in Shields Health

On September 2, 2025, Evernorth Health Services, a subsidiary of The Cigna Group (NYSE: CI), announced a $3.5 billion investment in Shields Health Solutions, a leading specialty pharmacy management company.  Evernorth’s investment coincides with Shields’ establishment as a private standalone company upon its acquisition by Sycamore Partners.  This follows Sycamore’s acquisition of Walgreens Boots Alliance, Shields’ previous owner, which closed on August 28, 2025.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Cigna and Evernorth.