McKesson acquires CoverMyMeds

McKesson on April 3 completed its acquisition of CoverMyMeds, a Columbus, Ohio-based provider of electronic prior authorization solutions.

McKesson and CoverMyMeds entered the acquisition agreement on Jan. 24. At the time, McKesson said it planned to acquire CoverMyMeds for roughly $1.1 billion, or $0.9 billion net of incremental cash tax benefits.

In January, CoverMyMeds said it would continue to operate as an independent business unit under its existing leadership team after the transaction closed.

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