Year in Review: CoverMyMeds $1.3B acquisition biggest tech and M&A story of 2017

Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.

The $1.3 billion acquisition of CoverMyMeds LLC – unmatched in tech history statewide – has paid dividends in continued job growth as well as attention.

From the start, CEO Matt Scantland said the purchase by McKesson Corp. was “all about growth.” Indeed, CoverMyMeds added about 100 jobs to hit 600 by fall, and recently said it’s hiring “hundreds,” without specifying how many hundreds, at its Columbus headquarters, Cleveland office and telecommuters.

“This deal secures the lasting success of CoverMyMeds,” CEO Matt Scantland said in an interview with Columbus Business First after the announcement. “This deal is an amazing thing for them and for us, if we just keep growing.”

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Originally published December 29, 2017.