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Cardinal Health Executive Joins Water Street Healthcare Partners
Date:4/8/2009

Hank Struik to Lead Private Equity Firm's Search for Next Medical Products Investment

CHICAGO, April 8 /PRNewswire/ -- Water Street Healthcare Partners, a leading private equity firm focused exclusively on the health care industry, announced today that Hank Struik, a former president with Cardinal Health, Inc., has joined the firm as a senior executive advisor. Mr. Struik, 42, will spearhead Water Street's search for investment opportunities in the growing medical products sector. The firm has provided Mr. Struik with a commitment of up to $100 million of equity capital to kick off the initiative.

"We are excited to work with Hank to build a market-leadership company of lasting value in the multi-billion dollar medical products sector," said Kevin Swan, a partner with Water Street Healthcare Partners. "Since identifying medical products as an attractive health care segment for investment, our team has transformed a number of businesses into leading companies that specialize in products focused on patient safety, rehabilitation and drug delivery. Hank's extensive knowledge and relationships in the medical products sector, combined with our team's deep health care and investment expertise, uniquely positions us to attract the best opportunities."

During his 20-year career with Cardinal Health, Mr. Struik played a lead role in building many of the global health care company's medical products businesses. In 2007, he spearheaded its $1.5 billion strategic acquisition of Viasys Healthcare to establish Cardinal Health as a leader in respiratory care. Mr. Struik, who most recently served as president of Cardinal Health's $850 million dollar Respiratory and Neurocare division, has also held executive positions in sales, marketing, business development and operations.

"As we tapped our national network of health care contacts to search for the best executive t
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SOURCE Water Street Healthcare Partners
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