Shields becomes standalone after Sycamore acquisition

Shields announced standalone private ownership following the WBA transaction, which closed August 28, 2025. Sycamore invested alongside Stefano Pessina and family. Acquisition financing included privately placed debt from funds/accounts managed by HPS Investment Partners, Goldman Sachs Alternatives and J.P. Morgan, and preferred stock from Evernorth Health Services. Michael Ham remained CEO and Stephen West returned as Executive Chairman.