Deal Summary
McColl Partners, LLC ("McColl Partners") acted as financial advisor to Medical Security Card Company ("ScriptSave" or the "Company") in its minority recapitalization with Monitor Clipper Partners, Inc. ("Monitor Clipper"), a private equity investment firm formed in 1998 by the Monitor Group, one of the world's largest strategy consulting firms. ScriptSave is a highly innovative pharmacy benefits manager ("PBM") that provides consumers with proprietary prescription drug benefit solutions delivered through retail pharmacies, health insurance companies, employers, and other PBMs (collectively, "Plan Sponsors"). ScriptSave pioneered the development of unfunded drug benefit plans, which allow Plan Sponsors to differentiate themselves by presenting their members with a meaningful prescription drug benefit.
About ScriptSave
Medical Security Card Company (doing business as ScriptSave) pioneered the U.S. unfunded prescription drug benefit market in 1994. Headquartered in Tucson, Arizona, ScriptSave is a privately-held company and is the leading pharmacy benefit administrator of a specific array of prescription drug benefit solutions for retail pharmacies, health insurance companies, pharmacy benefit managers, and individual consumers. The Company's mission is to build loyalty and trust between patients and their community pharmacy by offering innovative product designs and communication strategies that lower cost barriers and improve overall patient compliance and adherence. For more information, visit www.scriptsave.com.
About Monitor Clipper Partners, Inc.
Monitor Clipper Partners is a Cambridge-based investment firm that currently manages over $2 billion in assets. It was formed in 1998 and makes private equity investments in middle market buyouts and later-stage growth companies. For more information, please visit www.monitorclipper.com.
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction, please contact Dave Vorhoff, head of the Healthcare Group, or Justin Cunningham at 704-333-0525. For more information about our Information & Financial Technology Group, please contact Jamie Lewin at 214-451-5202. Additional information about McColl Partners can be found at www.mccollpartners.com.