McKesson to Buy Pharmacy Tech Firm Rx Savings

Drug distributor McKesson Corporation (NYSE: MCK) will buy private pharmaceutical technology firm Rx Savings Solutions for up to $875 million.

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They help employers and health insurers find the most reasonable price for prescription meds.

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Along with that, they also help by providing reminders to continue taking medications as they should.

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When speaking of the company's new partnership, McKesson CEO Brian Tyler said that "Rx Savings Solutions' offerings for employers.

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And patients will strengthen McKesson's ability to help solve the most common medication challenges related to access, affordability and adherence."

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The planned transaction includes $600 million upfront and up to $275 in payments contingent on Rx Savings.'

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Performance is expected to close in the second half of the fiscal year 2023.

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