Private Equity Firm Healthcare

Water Street Healthcare Partners

Chicago, Illinois, United States

Water Street Healthcare Partners is dedicated to building market leaders in healthcare. Its sole focus is investing in businesses to accelerate growth and impact in healthcare services, medical products & diagnostics, and pharmaceutical & life sciences.

Focus Areas
Healthcare services, Medical products & diagnostics, Pharmaceutical & life sciences
Website
waterstreet.com

Tracked deals

20

20 tracked deals across 2017-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

8 addon · 8 growth capital · 4 buyout

Water Street Healthcare Partners Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Water Street Healthcare Partners. 1 2017 3 2019 2 2020 4 2021 3 2022 2 2023 2 2024 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 20 tracked deals for Water Street Healthcare Partners.

  • Buyer
    Water Street Healthcare Partners
    Target
    Pillr Health
    Seller
    Renovus Capital Partners
    Type
    Buyout

    Renovus Capital Partners has sold its portfolio company Pillr Health, a technology-enabled pharmacy optimization platform, to Water Street Healthcare Partners. Pillr Health provides software and tech-enabled services to help healthcare providers manage pharmacy operations, ensure 340B compliance, and improve financial and operational outcomes.

  • Buyer
    Lumelight, Water Street Healthcare Partners
    Target
    BMI Audit Services
    Type
    Addon

    Lumelight, a benefits compliance provider, has acquired BMI Audit Services, a specialist in dependent eligibility verification and medical and pharmacy claims audits. The acquisition expands Lumelight’s oversight capabilities and enhances its ability to help employers, brokers, TPAs and health plans reduce costs and manage fiduciary and compliance obligations.

  • Buyer
    Avantik, Water Street Healthcare Partners
    Target
    Service Specialists of America
    Type
    Addon

    Avantik, a provider of products and service solutions for diagnostic laboratories, has acquired Service Specialists of America to strengthen its service presence in the Midwest and advance its national expansion. The acquisition — Avantik's third in the past year — expands its network of field service engineers supporting anatomic pathology, histology and dermatology labs; Avantik is backed by Water Street Healthcare Partners.

  • Buyer
    Water Street Healthcare Partners
    Target
    MedSpeed

    Water Street Healthcare Partners has made an equity investment in MedSpeed, a national provider of same‑day logistics services for the health care sector. The partnership will provide capital and resources to expand MedSpeed's hub network, broaden service offerings for specimen, pharmaceutical and supply delivery, and accelerate growth into new customers and markets.

  • Buyer
    Water Street Healthcare Partners
    Target
    Hansen Hunter

    Water Street Healthcare Partners has made a strategic growth investment in Hansen Hunter to provide capital and resources to expand the firm's business office and technology services for post-acute care and senior living organizations. The partnership will support expansion of Hansen Hunter's reimbursement, clinical consulting, compliance, reporting, accounting, auditing and tax management services and help extend its national footprint.

  • Buyer
    Avantik, Water Street Healthcare Partners
    Target
    CPBS Holdings, Marston Technical Services
    Location
    United States
    Type
    Addon

    Avantik has expanded its national service network by bringing CPBS Holdings and Marston Technical Services (MTS) into its platform. The additions more than double Avantik's geographic footprint and increase its technicians, service hubs, and consumable inventory to better support anatomic pathology, histology and dermatology laboratories nationwide.

  • Buyer
    Water Street Healthcare Partners
    Target
    Avantik

    Avantik has partnered with Water Street Healthcare Partners, which has committed growth capital and sector experience to support Avantik's next phase of expansion. The investment will fund organic initiatives and acquisitions to expand Avantik's consumables, equipment and maintenance services; Mark Zacur was appointed CEO to lead the growth plan.

  • Buyer
    Water Street Healthcare Partners
    Target
    CXV Global, Panacea Technologies
    Type
    Buyout

    Water Street Healthcare Partners has invested in and facilitated the combination of CXV Global and Panacea Technologies to form a global platform offering automation and digitization solutions for life sciences operations. The combined business will provide machine vision, serialization, digitization and engineering services across R&D, manufacturing, packaging and distribution, supported by a global workforce of 500+ employees and significant growth capital from Water Street.

  • Buyer
    Water Street Healthcare Partners
    Target
    Alcor Scientific
    Industry
    Medical Devices

    Water Street Healthcare Partners has made a strategic investment in Alcor Scientific to support the diagnostic- and medical-device maker's product development, geographic expansion and M&A growth strategy. As part of the partnership Alcor appointed diagnostics executive Jim Post as CEO and will leverage Water Street's capital and industry expertise to expand its product portfolio and global reach.

  • Buyer
    Water Street Healthcare Partners
    Target
    Renovo Solutions

    Renovo Solutions received a growth investment from Water Street Healthcare Partners to accelerate expansion of its healthcare and life sciences equipment management services. The investment will fund enhancements to Renovo's proprietary equipment-management system, geographic expansion beyond its current 37+ states, and the recruitment of Bill Newell as CEO to lead growth.

  • Buyer
    Safeguard Medical, Water Street Healthcare Partners
    Target
    PerSys Medical
    Industry
    Medical Devices
    Type
    Addon

    Safeguard Medical, a Water Street Healthcare Partners portfolio company, has acquired PerSys Medical to expand its emergency medical product portfolio and global distribution. The deal adds PerSys’s bandages, tourniquets and an R&D center in Israel, broadening Safeguard’s capability in hemorrhage control and emergency response equipment.

  • Buyer
    Safeguard Medical, Water Street Healthcare Partners
    Target
    H&H Medical Corporation
    Industry
    Medical Devices
    Type
    Addon

    Safeguard Medical, a portfolio company of Water Street Healthcare Partners, has acquired H&H Medical Corporation to expand its emergency medical product offerings. The deal adds H&H’s military-grade trauma and first-aid product lines to Safeguard’s portfolio and broadens its capabilities for first responders, military and other emergency markets.

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