BOSTON, MA – January 2, 2017 – Covington Associates LLC, a leading middle market investment bank, announced its role as exclusive advisor to Century Specialty Script (“Century”), a leading provider of specialty pharmacy services, in its sale to Superior Biologics, (“Superior”), a leading national provider of high-touch infusion and specialty pharmacy services.
Headquartered in White Plains, New York, Century Specialty Script ( “CSS” or “the Company”) offers physicians and patients an efficient and effective way of managing complex, chronic diseases is one of the fastest growing, independent specialty pharmacies serving patients throughout the state of New York, with a particular focus on the New York City, Long Island (NY), Westchester County (NY), and New Jersey marketplaces. The Company offers individualized, pharmaceutical care for a variety of challenging health conditions and complex drug therapies such as: Hepatitis C, Rheumatoid Arthritis, Oncology, IVIG, Hemophilia, and other chronic diseases.
Tom Cibotti, Managing Director of Covington Associates said “We are pleased to have been given the opportunity to represent such a high quality, well-regarded specialty pharmacy as Century Script. Century Scripts’ commitment to patient care and targeted therapy management programs make it a great platform as Superior Biologics looks to expand its specialty infusion business”.
About Covington Associates
Covington Associates is an investment banking firm offering advisory services in the areas of mergers and acquisitions (“M&A”), capital raising, strategic advisory, fairness opinions, and valuations to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991, with offices in Boston, and New York, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed more than 200 transactions globally for both private and publicly traded companies totaling over $15 billion.
About Century Specialty Script
Founded in 2005, Century Specialty Script is a leading, independent specialty pharmacy serving patients throughout the state of New York, with a particular focus on the New York City, Long Island (NY), Westchester County (NY), and New Jersey marketplaces. The Company offers individualized, pharmaceutical care for a variety of challenging health conditions and complex drug therapies such as: Hepatitis C, Rheumatoid Arthritis, Oncology, IVIG, Hemophilia, and other chronic diseases.
About Superior Biologics
Superior Biologics is a leading home infusion and specialty provider offering services to pediatric and adult populations suffering from both acute and chronic illnesses. The Company’s goal is to provide cost-effective and highly compassionate care to its patients, which ultimately leads to healthy therapeutic outcomes and enhanced quality of life. Superiors’ dedicated team of clinicians are able to serve a wide variety of disease states, including, but not limited to Immune Globulin Therapy (IVIG & SCIG), HCV Therapies, Hemophilia & Bleeding disorders, and other rare and chronic conditions.