‘We Just Did A Very Big Thing’ – Inside The Room When CoverMyMeds CEO Broke The News Of McKesson’s $1.1B Deal To Staff
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
CoverMyMeds’ $1.1 billion Exit Is A Big Win For Ohio Third Frontier
The coming $1.1 billion acquisition of CoverMyMeds LLC – Ohio’s first tech startup ” unicorn” – is a huge win for the Ohio Third Frontier program. McKesson Corp., one of the three biggest U.S. health-care products distributors, announced Wednesday it would acquire the fast-growing Columbus software maker in a deal that could grow to $1.37
Orlando Chamber Seeks Advice From Cleveland’s JumpStart
The Orlando Regional Chamber of Commerce on Thursday hosted Ray Leach, founder of Cleveland-based JumpStart Inc., a consulting group that focuses on building startup communities. Leach spoke twice to chamber members Thursday, once at a lunch for board members and again at the annual meeting later in the day. The chamber didn’t announce any specifics
CoverMyMeds Signs Definitive Agreement to Be Acquired by McKesson
This release first appeared on the CoverMyMeds blog on January 25, 2017. Today we announced that CoverMyMeds has signed a definitive agreement to be acquired by McKesson Corporation, subject to customary closing conditions. Our plan with McKesson is one of the most important steps we’ve ever taken to maximize the impact we have on our
McKesson to buy CoverMyMeds for $1.1 billion
CoverMyMeds has proven that you can start a tech company in Ohio and sell it for more than a billion dollars eight years later. McKesson has agreed to acquire the medical software company for $1.1 billion, plus another $300 million if the medical software company hits its financial targets. The deal would put CoverMyMeds into
You Don’t Have To Live In Silicon Valley To Succeed In Tech
Rodney Williams’ Cincinnati, Ohio-based tech company LISNR has raised over $14 million and continues to thrive Rodney Williams is not what some would deem the stereotypical, Silicon Valley entrepreneur, and this has actually worked in his favor. He is a young, black male, from Baltimore, Maryland, who initially had dreams of being a rapper or
Segmint’s Use Of Big Data Adds Up To Large Growth
Big data is turning into a big business in downtown Akron, where the data-mining firm Segmint just moved into new offices in the city-owned Hamlin Building. The 9-year-old company, which moved Jan. 20-21 from One Cascade Plaza, provides data analytics, primarily to banks, savings and loans, and credit unions. CEO Rob Heiser says business is
Banyan Technology Announces Update To Brand Identity
Northeast Ohio-based Banyan Technology, the transportation and logistics industry leader in live carrier connectivity, has completed a brand review and update. Today the company unveiled its new website, www.banyantechnology.com, along with a suite of videos and literature to support the evolution of its brand. “The updated brand has been developed to enhance approachability and to
JumpStart Receives Economic Opportunity Award At State MLK Jr. Event
JumpStart Inc. was one of seven recognized today at Ohio’s 32nd annual Dr. Martin Luther King, Jr. Commemorative Celebration in Columbus. JumpStart CEO Ray Leach, according to a press release from the organization, accepted the Economic Opportunity Award. JumpStart was selected based on its commitment to promoting greater diversity and inclusion in the venture capital
JumpStart Receives Economic Opportunity Award at Ohio’s Annual Martin Luther King Jr. Commemorative Celebration
Award Honors Cleveland Venture Development Organization for its Commitment to Diversity and Inclusion JumpStart Inc. was one of seven individuals and organizations recognized on Thursday, January 12, at the state’s 32nd annual Dr. Martin Luther King, Jr. Commemorative Celebration. The event, held at Trinity Episcopal Church in downtown Columbus, was sponsored by the Ohio Dr.
Endotronix Lands $12M To Monitor Your Heart In The Cloud
This Chicago startup is raising big money to keep a pulse on your blood pressure. Endotronix, a Woodridge-based maker of cloud-enabled tools that help patients with advanced heart failure, announced on Monday it has raised $12 million in debt financing from Silicon Valley Bank. The company raised a $32 million Series C round last July. That round
Who To Watch Northeast Ohio
A look at the men and women poised to shape our region in 2017 and beyond The 2017 Smart Business Who to Watch represents an exciting, talented group of people who are strong leaders with an ability to set goals, develop plans and get things done. Some of the names you’ve heard while others may