McKesson Will Acquire CoverMyMeds for $1.1 Billion
McKesson announced Wednesday that it will acquire Columbus, OH-based prescription electronic prior authorization platform vendor CoverMyMeds for $1.1 billion plus a potential additional $300 million based on performance.
McKesson announced the acquisition as part of its quarterly earnings report in which it beat earnings estimates but fell short on revenue.
CoverMyMeds is a RelayHealth Pharmacy partner. It will remain an independent McKesson business unit with co-founders Matt Scantland and Sam Rajan staying on.
It seems that every innovation in the past 50 years has claimed that it would save money and lives. There…