Blackstreet Capital Partners has acquired substantially all the assets of Professional Appearances Inc., a direct marketer of medical apparel and diagnostic equipment to healthcare professionals. No financial terms were disclosed. Blackstreet has renamed the company Scrubs AC Inc.
PRESS RELEASE
– Scrubs AC, Inc., has purchased substantially all of the assets of Professional Appearances, Inc., in a UCC Article IX asset sale.
Professional Appearances, Inc. (“PAI”) was the leading direct marketer of medical apparel and diagnostic equipment to healthcare professionals through the www.allheart.com website and the Jasco Uniforms catalogue and website. The Company offers private label apparel and footwear, and a wide selection of the most popular brands in the healthcare and hospitality industries.
Blackstreet Capital, a Bethesda, MD based private equity fund with $175 million under management, provides certain management services to Scrubs AC, Inc.
As the industry’s leading online retailer, www.allheart.com will continue to offer exceptional value, fashionable designs, the widest selection, and personalization of apparel and medical equipment.
“The talented and experienced team at Scrubs AC, Inc., allows us to continue to build and grow the leading ecommerce site for the medical uniform industry,” said Tamara Christian, Chairwoman of Scrubs AC, Inc.
“Scrubs AC, Inc. is a very strong addition to our portfolio,” said Murry N. Gunty, Managing Partner of Blackstreet Capital. “We’re proud to provide exceptional products and value to the healthcare professionals who provide care in communities across America.”
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About Scrubs AC, Inc.
Scrubs AC, Inc. (www.allheart.com) is based in Camarillo, CA. Scrubs AC is a leading direct marketer of personal medical apparel and diagnostic equipment to the healthcare and hospitality professional. The Allheart.com website was launched in 1997 and offers the world’s largest in-stock selection of scrubs, lab coats, medical uniforms, footwear, diagnostic equipment and more.
About Blackstreet Capital
Blackstreet Capital (www.blackstreetcapital.com) is a Bethesda, MD based private equity firm with over $175 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.
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