When CoverMyMeds LLC’s regular monthly all-staff meeting convened about 4 p.m. last Wednesday, employees might not have realized or even cared that at that moment on the West Coast, as stock markets closed, San Francisco-based McKesson Corp. was about to release its third-quarter results.
CEO Matt Scantland addressed workers gathered in the huge communal lunch and event room at the downtown Columbus headquarters, with others teleconferencing from the Cleveland office or remote workspace.
“Who came to CoverMyMeds to do big things?” he asked.
All hands went up, Scantland recounted in an interview with Columbus Business First.
“I said, ‘We just did a very big thing,’” he said.
As McKesson’s news release hit the wires, he told them the $191 billion health-care giant had a deal to acquire CoverMyMeds for $1.1 billion, which could grow to $1.4 billion over two years.
Read the full story at Columbus Business First.