Tucson, Ariz., February 10, 2011 -– 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 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.
Lori Bryant, CEO