McKesson to buy CoverMyMeds for $1.1 billion

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.

Click here to read the complete article, and read more in Columbus Business First and The Columbus Dispatch.

Originally published January 25, 2017.

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