Private equity shop Monitor Clipper Partners has acquired a minority interest in ScriptSave. Tuscon-based ScriptSave provides customized prescription drug benefit products for consumers, which are delivered through retail pharmacies, health insurance companies and employers. McColl Partners LLC, an independent investment banking firm specializing in middle-market companies, served as financial advisor to ScriptSave. Monitor Clipper Partners is based in Cambridge, Mass.
Today, ScriptSave announced that Monitor Clipper Partners (MCP) has purchased a minority interest in the company. MCP, a private equity investment firm, has a strategic relationship with the Monitor Group, a leading global strategy consulting firm.
Commenting on the transaction, Lori Bryant, President and CEO of ScriptSave, said, “ScriptSave is pleased by the confidence that Monitor Clipper Partners has in our business and we look forward to the expertise, insight and industry relationships that MCP brings to us. We are excited to work with MCP to bring even greater value to our clients.”
Adam Doctoroff, Partner, MCP, added that “the capabilities and historical success of ScriptSave were key factors in our decision to invest in the company’s future. We believe that ScriptSave’s leadership role in working with pharmacy retailers across the country to provide consumers with real value and savings is an unparalleled platform for growth. We look forward to working with the Company’s management team to continue to enhance their industry-leading offerings.”
McColl Partners LLC, an independent investment banking firm specializing in the needs of management and owners of middle-market companies, served as financial advisor to ScriptSave.
About ScriptSave – Founded in 1994, ScriptSave pioneered the U.S. unfunded drug benefit market and has saved consumers over $2.5 billion in health care costs. The company provides customized prescription drug benefit solutions for consumers; delivered through retail pharmacies, health insurance companies, employers and PBMs. ScriptSave is headquartered in Tucson, Arizona. For more information about ScriptSave, visit www.scriptsave.com. For inquiries on this release, contact Lori Bryant at firstname.lastname@example.org or 520-888-8070.
About Monitor Clipper Partners – Monitor Clipper Partners is a Cambridge, MA-based independent private equity firm formed in 1998. MCP has invested in over 35 businesses in North America and Western Europe over the past decade and has a close strategic relationship with the Monitor Group, a leading international strategy consulting firm. MCP targets growth-oriented businesses with strong management teams and currently manages over US$2.0 billion in capital.