CoverMyMeds’ sale for $1.1 billion touted as ‘seminal’ for central Ohio

Photo via covermymeds.com

Story excerpt provided by The Columbus Dispatch.

Written by Mark Williams, Marla Rose, Tim Feran.

The purchase of a young Columbus health-care technology company for $1.1 billion is being seen by central Ohio’a tech community as the kind of pivotal event that can take local startup efforts to a higher level.

CoverMyMeds, which produces software used by doctors and pharmacists to obtain quick drug approval for patients, was bought by San Francisco-based wholesale drug distributor McKesson in a deal announced this week.

“The CoverMyMeds (purchase) is a seminal moment for the Columbus startup community,” said Chris Olsen, a partner at Columbus venture-capital firm Drive Capital. “It proves you can start up a company in Columbus, outmaneuver all the competition and build a massive business.”

Click here to read the complete article.

Originally published January 26, 2017.

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