Following the closing of the transaction, Rx Savings will become part of McKesson’s Prescription Technology Solutions business.
UpdatedIrving-based McKesson Corporation announced today a definitive agreement to acquire Kansas-based Rx Savings Solutions in a transaction that could value $875 million, according to a news release.
The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the second half of fiscal 2023. Overland Park-based Rx Savings Solutions has built patented software that provides transparency in prescription drug costs. The company contracts directly with health plans and large self-funded employers to lower prescription drug costs for its more than 17 million members.
, founder of Rx Savings Solutions, said in the release. “This is a critical part of our growth journey, and we are excited about what the future holds for Rx Savings Solutions as part of McKesson.”Rx Savings is on the fast track to growth
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