Story excerpt provided by Crain’s Cleveland Business.
Written by Chuck Soder.
CoverMyMeds has proven that you can start a tech company in Ohio and sell it for more than a billion dollars eight years later.
McKesson has agreed to acquire the medical software company for $1.1 billion, plus another $300 million if the medical software company hits its financial targets.
The deal would put CoverMyMeds into the hands of a giant diversified health care services company – the fifth largest company in the United States.
Originally published January 25, 2017.