Co-founders of NECC, Ameridose have millions in assets at stake - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Co-founders of NECC, Ameridose have millions in assets at stake

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SOUTHBOROUGH (FOX 25 / MyFoxBoston.com) FOX 25 is learning more about the owners of Ameridose and the New England Compounding Center as an investigation into a nationwide meningitis outbreak continues.

The family enterprise founded by brothers-in-law Gregory Conigliaro and Barry Cadden is under intense scrutiny following the deaths of 32 people were linked back to steroid injections from the NECC in Framingham.

Several of Conigliaro and Cadden's multi-million dollar homes are being considered as assets by civil attorneys. According to state records, the Conigliaro family has ties to around a dozen businesses that range from compounding pharmacies, to real estate, and even recycling.

FOX 25 dug deep into company records and found Conigliaro and Cadden co-founded two other companies which have also been closed during the federal investigation. The companies are Ameridose, which laid off more than 600 people on Friday, and Alaunus Pharmaceutical, a wholesale distributor.

When it comes to assets, this family has a lot at stake.

Gregory Conigliaro's Southborough home is valued at $3.2 million. The family also bought a home in Barnstable for $685,000.

Barry Cadden and Conigliaro's sister, Lisa, built a 13-room Wrentham house assessed at $1.8 million. They also paid $785,000 for a Rhode Island waterfront home.

FOX 25 has not heard from either of the co-founders despite requests for an interview.

Congress hopes to get answers next week during investigative hearings. Cadden has been subpoenaed.

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