The Story of CoverMyMeds

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December 10, 2019

From $10M Revenues to a Sale of $1.4B

Ted Frank, former CFO of CoverMyMeds, will talk about helping to lead the growth and eventual sale of that business to McKesson. He will also give our audience leadership and deal insights from his stellar career.

By means of introduction, Ted has over twenty-nine years of building, leading and advising organizations through aggressive growth, Ted has a stellar track record of helping SaaS and technology enabled healthcare organizations scale and become more profitable. Driving to what’s possible versus what’s perceived achievable, Ted focuses on creating data-driven strategies, building extraordinary teams and developing a deep understanding of his client’s market in order to better leverage opportunities for organic growth. After its purchase of CoverMyMeds, Ted spent the last few years in an expanded role as CFO at McKesson Prescription Technology Solutions and helped the organization markedly accelerate its organic growth. As CFO of CoverMyMeds (a healthcare software and digital industry network company) from the time it was recording $10M in sales, he helped the team capture a multi-billion dollar market opportunity that resulted in $1.4B sale and $1.5B returned to shareholders. Ted currently resides in Cleveland, Ohio with his wife, Stacy.

Who should attend? Investors, managers or advisors to businesses.

Please join us at the Cleveland Racquet Club. Check in and complimentary breakfast starts at 730a, Discussion starts at 750a. This event is complimentary. Please register in advance. If you like to learn, meet, eat and have fun, then join us. 

Moderator: Jerry Frantz, Chief Investing and Services Officer at JumpStart.

Program Host:  Ben Calkins, co-Founder of the Center, provides business law services to middle market business owners and investors.

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