Business Description:

Scrubs AC, LLC currently owns the majority of the stock in Scrubs AC, Inc.

Scrubs AC, Inc., based in Camarillo, CA, is an internet marketer of medical apparel and diagnostic equipment to healthcare professionals. Doing business as Allheart (www.Allheart.com) and Jasco Uniforms, the website attracts the highest number of unique visitors in the industry. The company offers private label apparel and footwear, along with a wide selection of the most popular brands in the healthcare and hospitality industries. Allheart is known for exceptional value, fashionable designs, and personalization of apparel and medical equipment.

Transaction Background:
Professional Appearances, Inc. (“PAI”) was launched in 1997 as an Internet company. PAI defaulted on its bank loan and Scrubs AC, Inc. was then able to purchase the debt and subsequently foreclose on PAI. Scrubs AC, Inc. purchased the assets of PAI in a UCC Article IX asset sale. 

Investment Thesis:
A strong private label, relationships with every major vendor in the industry, and the number one web position are major strengths of the company. In addition, Scrubs AC services the healthcare industry which continues to require medical apparel and diagnostic equipment even in a declining economy. The number of employees in the healthcare industry will continue to grow over the next decade, increasing demand for Scrubs AC products. By placing the focus strictly on enhancing the performance and functionality of the website, reducing any underperforming inventory, and consolidating to one distribution facility, Scrubs AC is well positioned for growth and increased profitability.