Tag: Michael Rea
Michael and Brandy Rea built and successfully exited one of Kansas City’s fastest-growing health tech companies. Now the Rx Savings Solutions founders share a new prescription for impact: creating inclusive housing for adults with disabilities. Shifting from entrepreneurship to philanthropy, the Michael and Brandy Rea Family Foundation contributed a $1 million lead gift to support…
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The years after a headline-grabbing acquisition can mean a “jump ball” for the ecosystem where the startup was grown, said Jeff Hornsby, acknowledging the various outcomes ahead when a hometown company gets new owners. Possibilities range from massive community reinvestment to staffing reductions and all-out relocation, though such moves aren’t mutually exclusive. “They may say…
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A founder who helped drive one of the metro’s biggest startup exits is expected to be heralded in October as UMKC’s Kansas City Entrepreneur of the Year. Justin Davis, co-founder and CEO of BacklotCars, will take the stage Oct. 12 alongside five other honorees — business leaders who have shaped entrepreneurship, according to officials at…
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The McKesson Corporation has agreed to purchase Overland Park-prescribed Rx Savings Solutions in a deal worth nearly $1 billion. McKesson announced Monday that it had entered into an agreement with the prescription pricing startup valued at up to $875 million — more than double the $425 million price tag for which Kansas City-built Backlot Cars…
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The road to startup success isn’t a clear path for anyone, acknowledged Michael Rea, and it takes a founder’s persistence to reach his or her desired destination. “Many people set out on an entrepreneurial journey, but few complete it,” Rea, founder and CEO of Rx Savings Solutions, told a crowd gathered Friday night for the…
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