Water Street Healthcare Partners, LLC is a private equity firm founded in 2005 and headquartered in Chicago, Illinois, with an additional office in Dublin, Ohio. The firm specializes in making investments in later-stage and mature middle-market companies within the healthcare and life sciences sectors, focusing on areas such as consumer discretionary, medical products, pharmaceuticals, and various healthcare services. Water Street targets companies with enterprise values between $50 million and $500 million and typically invests between $20 million and $500 million, often taking majority stakes in its portfolio companies. The firm avoids investing in traditional healthcare facilities and early-stage companies lacking positive cash flow. Instead, it seeks opportunities in corporate dispositions, carve-outs, and growth capital, particularly in segments like laboratory services, diagnostic products, and specialty distribution. Water Street Healthcare Partners is committed to investing in North American companies and emphasizes leveraging talent and technology in its investment strategy.
MedSpeed is a logistics and transportation solutions provider specializing in the healthcare sector, focusing on the movement of patient-critical items, health specimens, pharmaceuticals, and medical supplies. Founded in 1999 by Jake Crampton, the company has expanded to operate over 100 launch points across 28 states, transforming healthcare transportation networks into strategic assets that enhance efficiency and reduce costs. MedSpeed's offerings include same-day delivery and strategic business analysis, enabling healthcare organizations to improve their operations. Despite its growth and service to large healthcare clients, MedSpeed maintains an entrepreneurial spirit and a commitment to its foundational culture, ensuring that its mission and values remain central to its operations and client relationships.
Alcor Scientific
Private Equity Round in 2022
Alcor Scientific is a designer and manufacturer of diagnostic instrumentation and medical devices aimed at the healthcare industry. The company specializes in serving clinical diagnostics laboratories, rheumatologists, hematologists, and medical institutions. Its product offerings include enteral feeding pumps, administration sets, and an automated erythrocyte sedimentation rate (ESR) analyzer. By focusing on research and development, Alcor Scientific aims to enhance patient care by providing immediate analysis of ESR results, thereby supporting patients and their families in understanding their health conditions.
RENOVO Solutions
Private Equity Round in 2022
RENOVO Solutions, founded in 2009, specializes in medical equipment maintenance and management services for healthcare and life sciences organizations. With a strong national presence and partnerships with over 120 customers, the company focuses on reducing equipment maintenance costs and minimizing downtime. RENOVO Solutions provides technology management consultations and a range of equipment-related services aimed at improving patient outcomes. Through these efforts, the company has helped its clients save millions of dollars in maintaining their medical equipment.
Guardian Medical
Venture Round in 2021
Guardian Medical is a company that focuses on designing, developing, manufacturing, and distributing sterile packaging solutions tailored for medical implants and devices. Founded in 2019 and headquartered in Swanton, Ohio, the company is a joint venture with Plastic Technologies, Inc. and a prominent orthopedic surgeon. Guardian Medical leverages over 30 years of expertise from PTI, a leader in plastics manufacturing and design, to create innovative and effective packaging solutions that ensure the safety and sterility of medical products. By combining the knowledge of medical device engineers with advanced plastics technology, Guardian Medical aims to meet the unique needs of the medical industry, providing clients with efficient and reliable packaging services.
Medical Guardian
Private Equity Round in 2021
Medical Guardian is dedicated to providing affordable and reliable medical alert services that empower older adults to live independently and safely. The company develops connected-care medical alert systems, mobile devices, and smartwatches designed to assist individuals in emergencies, including medical crises such as seizures, strokes, or heart attacks, as well as risks associated with aging, such as falls and home invasions. Medical Guardian's mission is to ensure that its customers feel secure in their daily lives, enabling them to maintain their independence while having access to emergency response and protection services when needed.
Southern Scripts
Private Equity Round in 2021
Southern Scripts is a pharmacy benefit management solution that streamlines PBM contracts. They provide employers with the tools to access prescription medication in order to achieve optimal health outcomes. Their clinical management program and high-performance drug formularies deliver the lowest net cost to protect plans from unnecessary expenses.
Pathnostics
Private Equity Round in 2019
Pathnostics is a diagnostic solutions company based in Irvine, California, founded in 2014. It specializes in providing diagnostic testing and services across various therapeutic areas such as urology, women's health, gastroenterology, and cancer. The company's offerings include urology guidance, hematuria, prostate biopsy, bladder FISH/UroVysion, GYN cytology, high-risk HPV testing, and gastrointestinal diagnostics, including Barrett's esophagus. Utilizing proprietary technology, Pathnostics combines phenotypic sensitivity and genotypic resistance to deliver accurate diagnoses and personalized therapy options for infectious diseases and cancers. Through its comprehensive care services, Pathnostics aims to improve patient outcomes by ensuring the correct identification of illnesses.
Cato Research
Private Equity Round in 2018
Cato Research is a provider of clinical trials and postmarketing research.
Alliance Life Sciences
Acquisition in 2017
Alliance Life Sciences is a provider of consulting and information technology services specifically tailored for life science organizations. The company offers a range of services including strategic and management consulting, program management, business process improvement, contract lifecycle management, business process outsourcing, and data warehousing. Their clientele consists of pharmaceutical manufacturers, mid-market life science companies, and various medical device and diagnostic firms. By focusing on enhancing operational efficiency and achieving optimal outcomes, Alliance Life Sciences supports its clients in navigating the complexities of the global life sciences marketplace.
Health Strategies Group
Acquisition in 2017
Health Strategies Group, Inc. specializes in market intelligence and consulting services tailored for the pharmaceutical and biotechnology sectors. Established in 1992 and based in Lambertville, New Jersey, the company offers a range of services that include strategic recommendations, marketplace trend assessments, and business planning support. Its expertise encompasses formulating segmentation strategies, designing training curricula, and benchmarking staff performance. Health Strategies Group also evaluates the oncology sales environment, compares sales team performance, and assesses specialty sales opportunities. Additionally, the firm provides insights into brand messaging, performance diagnostics, and positioning. As of December 2017, Health Strategies Group operates as a subsidiary of The Access Group, leveraging its extensive knowledge to deliver actionable recommendations to its clients.
EBMS
Acquisition in 2017
EBMS is one of the nation’s premier industry leaders in health risk management and third party administration of self-funded health benefit plans, designing strategies to transform the health and wellbeing of individuals, organizations and communities. EBMS is one of the nation’s premier industry leaders in health risk management and third party administration of self-funded health benefit plans. We design strategies to transform the health and wellbeing of individuals, organizations and communities. Our portfolio of health and wellbeing benefit solutions meet the needs of any company, any size and in any location. Since 1980, EBMS has developed a culture, along with a national reputation as an innovative TPA, bringing out-of-the-box solutions and tools to improve the health and wellbeing of our clients’ health plan members. As a pioneer in our industry, many of the healthcare innovations we’ve introduced have been developed from the stated needs of our clients. Examples of these include: onsite clinics and other alternative healthcare delivery models; value-based or metric-based reimbursement strategy; specialty care management programs; mail order and specialty pharmacy programs; and, transparency programs and concierge service.
Viant
Private Equity Round in 2016
Viant Medical is a global provider of custom plastic processing solutions tailored for the medical industry, specializing in the design and manufacture of medical devices. The company focuses on various sectors, including surgical technologies, orthopedics, diagnostics, and patient care. Viant offers a comprehensive range of services, such as engineering, manufacturing, assembly, packaging, and sterilization, aimed at supporting original equipment manufacturers in the medical device sector. With expertise in thermoplastic and elastomeric materials, Viant operates ten ISO 13485-certified facilities equipped with Class 7 and 8 clean rooms, ensuring high-quality production under a unified global quality management system. This integrated approach allows Viant to meet the specific needs of its clients while optimizing supply chains and managing costs effectively.
The Access Group
Private Equity Round in 2016
The Access Group offers pharmaceutical companies specialized expertise and capabilities that define and communicate drug therapies' value proposition to payers; educate the medical community on new drugs; and create and execute strategies that brand and market their products. Founded in 1998, The Access Group has grown to work with more than 90 pharmaceutical companies on products spanning 75 therapeutic areas from early-stage development through patent expiration. In the past four years, the company has achieved double-digit growth as demand for its services has increased in the escalating regulatory environment.
Custopharm
Private Equity Round in 2015
CUSTOpharm is a service-oriented company specializing in the development and manufacturing of complex sterile injectable generic products. The company focuses on providing personalized and cost-effective chemistry and manufacturing controls (CMC) and regulatory support to clients with limited resources or those looking to expand. CUSTOpharm has developed a diverse portfolio of 54 sterile products, including 48 injectable, 2 nasal, 2 oral, and 2 sterile ophthalmic products. With extensive experience in sourcing difficult-to-obtain raw materials, addressing formulation and analytical challenges, and managing regulatory submissions, CUSTOpharm has filed over 170 Abbreviated New Drug Applications (ANDAs) since becoming the first to submit an electronic Common Technical Document (eCTD) ANDA to the FDA in 2004. This comprehensive approach enables CUSTOpharm to align its efforts with the overarching goals of its clients, ensuring the delivery of market-ready products.
Orgentec Diagnostika
Acquisition in 2014
ORGENTEC Diagnostika GmbH, established in 1988 and headquartered in Mainz, Germany, specializes in the development, production, and marketing of diagnostic test systems for laboratory and autoimmune diagnostics. The company offers a variety of products, including over 200 specific ELISA test systems for the diagnosis and therapy monitoring of conditions such as rheumatic diseases, thrombosis, and autoimmune disorders. Additionally, ORGENTEC provides immunoblot test systems, immunofluorescence assays for autoantibody detection, and software solutions for automated evaluation and management of testing processes. The company markets its products through offices in Germany, Austria, Hungary, France, and Switzerland, as well as through a network of international distributors. ORGENTEC is recognized as a leader in this field and has developed numerous patented technologies to enhance diagnostic accuracy and efficiency.
CCBR-SYNARC
Private Equity Round in 2013
CCBR-SYNARC’s medical image analysis, biochemical marker, and clinical research center services enable life-science industry clients to execute clinical trials accurately while decreasing the time, uncertainty, and cost of product development. CCBR-SYNARC has partnered with industry leaders to bring numerous leading compounds to market across a broad spectrum of therapeutic areas. Their services integrate critical aspects of clinical trial design and execution, from protocol design and subject recruitment to regulatory liaison on behalf of their clients. Their expert radiologists and scientists are innovators in all aspects of medical image analysis and biochemical markers in drug development, and have pioneered many methods used in today’s clinical trials.
Access MediQuip
Private Equity Round in 2013
Founded in 1997, Access MediQuip was established to provide implant outsourcing to support surgery centers. That vision evolved to define an industry and provide all healthcare constituents an end-to-end solution that creates true business value. Built on the pillars of honesty, trust and integrity we have developed relationships with over 175 manufacturers, more than 2,500 healthcare providers and nearly all national payers. Through our flexible Implant Management Platform we deliver services that begin with preauthorization support and continue through billing and reimbursement. Our solutions, powered by a robust technology platform, enable our partners to meet their business goals while providing patients access to the most effective implant technologies.
Medical Specialties Distributors
Acquisition in 2010
Medical Specialties Distributors, LLC is a full-service distributor of healthcare products primarily serving the home infusion, specialty pharmacy, and oncology markets. Founded in 1984 and based in Stoughton, Massachusetts, the company offers a wide range of products, including infusion pumps, IV supplies, pharmaceuticals, and various medical surgical products. They manufacture several specialized kits and devices, such as dressing change kits and IV administration sets, and provide additional services like biomedical equipment rental, maintenance, and repair. The company also supports clients with equipment management software and online training programs to enhance product utilization and operational efficiency. Medical Specialties Distributors operates a national network of distribution centers and an online ordering platform, with additional locations in Phoenix, Arizona; Bedford, Ohio; Gurnee, Illinois; and St. Louis, Missouri. As of June 2018, it operates as a subsidiary of McKesson Corporation.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.