McKesson to acquire CoverMyMeds for $1.1bn.

McKesson, a global leader in healthcare supply chain management solutions entered into an agreement to acquire CoverMyMeds, provider of electronic prior authorization solutions to pharmacies, providers, payers and pharmaceutical manufacturers for $1.1bn. “I am pleased with our strong cash flow generation and our ability to deploy capital in meaningful and productive ways, particularly strategic acquisitions and share repurchases. Our announced acquisition of CoverMyMeds supports McKesson’s commitment to providing a comprehensive set of services and solutions that drive value across the healthcare continuum and secure patients’ access to their prescribed drugs. McKesson continues to further enhance its diverse suite of pharmaceutical technology solutions to support the very best in patient care.” John H. Hammergren, McKesson chairman and chief executive officer.