The Healthcare sector team at Livingstone is pleased to announce that its client, Scrip Products Corporation has acquired Allegro Medical, a leading internet-based distributor of medical equipment and supplies selling direct to consumers and businesses throughout the US.
Livingstone advised Scrip and its private equity backer, Beecken Petty O’Keefe & Company, working with the Company to identify, pursue, and complete a strategic acquisition to broaden its existing product and customer strengths.
Based in Bollingbrook, Illinois, Scrip is the premier specialty healthcare distribution company serving the chiropractic, massage therapy, spa, and physical therapy markets. Beecken Petty backed a merger of Scrip and Massage Warehouse, Inc. in 2006 to become a market leading specialty distributor.
“The acquisition of Allegro expands Scrip’s product offering and web presence, and provides new and exciting growth opportunities,” said Scrip CEO Matt Taylor. “Allegro is a synergistic and complementary fit to our strategy of adding new markets and leveraging our operating infrastructure and capabilities.”
“We are pleased to have assisted Scrip on a successful acquisition,” commented Jim Moskal, Head of Healthcare at Livingstone Chicago. “The addition of Allegro cements the Company’s position as an industry leader.”
The Scrip acquisition represents the fourth Healthcare transaction closed by Livingstone in 2011, and the second in specialty healthcare distribution, following January’s sale of Dispensing Solutions to PSS World Medical.