The recent sale of Columbus health-care technology company CoverMyMeds for $1.1 billion is “a pivotal event that can take local startup efforts to a higher level,” The Columbus Dispatch reports. San Francisco-based wholesale drug distributor McKesson, “one of three giant companies that dominate U.S. pharmaceutical distribution,” bought CoverMyMeds, which “produces software used by doctors and pharmacists to obtain quick drug approval for patients,” according to the article. Chris Olsen, partner at Columbus venture-capital firm Drive Capital, said the deal “is a seminal moment for the Columbus startup community,” proving “you can start up a company in Columbus, outmaneuver all the competition and build a massive business.” For more, read the full article.
Columbus-based CoverMyMeds sells for $1.1 billion
