Columbus-based CoverMyMeds to be acquired by McKesson for $1.1 billion

Story excerpt provided by The Plain Dealer.

Written by Marcia Pledger.

Columbus-based CoverMyMeds LLC, the software company that makes it easier to fill prescriptions, will be acquired by health distributor McKesson Corp. for $1.1 billion, according to an agreement announced after the markets closed Wednesday.

CoverMyMeds was founded in Twinsburg in 2008 with the mission to help patients get access to the appropriate medication they need to live healthy lives. The software streamlines the approval process for prescription drugs…

…VentureOhio CEO Falon Donohue, said the acquisition creates significant wealth for the company’s investors and founders, which means a ripple effect will help other Ohio start-ups get more investments.

“This acquisition Is proof that you can start and scale a billion-dollar company in the Midwest and solidifies Ohio’s place as a leader in the new tech-based economy,” Donohue said…

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Originally published January 26, 2017.

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