---
title: Covington Associates advises Arriva Medical on purchase of AmMed Direct
description: Covington Associates advises Arriva Medical on purchase of AmMed Direct
---

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# [Covington Associates advises Arriva Medical on purchase of AmMed Direct](https://www.covllc.com/blog/covington-associates-advises-arriva-medical-on-purchase-of-ammed-direct)

 Written by [Abby Churchill](https://www.covllc.com/blog/author/abby-churchill) | Mar 12, 2012 7:52:00 AM

**Boston, MA . March 12, 2012** – Covington Associates announced its role as financial advisor to Arriva Medical, a subsidiary of Alere Inc. (NYSE:ALR) on the purchase of AmMed Direct.

Arriva Medical, a leading national provider of diabetic supplies, has acquired AmMed Direct, in a transaction valued at approximately $23 million. The transaction included a cash payment of $21 million at closing and contingent payments which are expected to total $2 million.

AmMed based in Nashville, TN, has a customer base of approximately 120,000 active diabetic customers. As part of the acquisition, Arriva acquired certain operational assets and has also leased a portion of the space in which AmMed

Tom Cibotti, lead advisor to AmMed Direct and Managing Director at Covington Associates, said, “Arriva’s acquisition of AmMed furthers their initiative of building a leading position and goal of supporting the needs of diabetic patients throughout the U.S.”

**About Arriva Medical**  
Arriva Medical, a subsidiary of Alere, is a leading provider for diabetic testing supplies. To learn more about Arriva Medical, visit: www.arrivamedical.com.[www.arrivamedical.com.](http://www.arrivamedical.com/)

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