Navigation Links
Citi Private Equity Executive Joins Water Street Healthcare Partners
Date:5/29/2009

Private Equity Firm Adds Partner to Advance Health Care Investment Opportunities

CHICAGO, May 29 /PRNewswire/ -- Water Street Healthcare Partners, a leading private equity firm focused exclusively on the health care industry, announced today that Robert B. Womsley has agreed to join the firm as a partner, effective July 1. A senior partner with Citi Private Equity, Mr. Womsley, 45, will work with Water Street's team of senior investment professionals and health care executives to identify new investment opportunities and support its growing group of health care companies.

"We are excited to have a leader of Rob's investment acumen and experience join our team," said Tim Dugan, managing partner, Water Street Healthcare Partners. "We have continued to identify and complete a number of new investments over the past year, and have been selectively looking for another partner to help advance our active pipeline. We've known Rob for many years, and we believe his global experience, solid judgment and strong track record of achieving results make him an ideal fit with our senior leadership team. Additionally, his worldwide contacts will be valuable for enhancing our extensive network of industry relationships."

Mr. Womsley brings more than 20 years of global investment experience to Water Street. In his recent position as European head of Citi Private Equity, he led more than $1 billion of transactions. Previously, Mr. Womsley was managing director and global head of Citi's private equity placement group. Mr. Womsley received his bachelor's degree in history from Vanderbilt University and master's in business administration from the University of Chicago Graduate School of Business.

"I'm looking forward to returning to Chicago to join Water Street and its dynamic team of leaders," said Mr. Womsley. "As I've interacted with Water Street's team over the years, I've appreciated their deep expertise and unique investment approach. The results that Water Street has achieved in three years since raising its first fund speak volumes to the effectiveness of the strategy. I am thrilled to become a member of the team, and play an active role in future investments and growth."

Since raising its first fund in 2006, Water Street has completed 16 investments and built 10 leading health care companies. During the same time period, it has more than doubled the size of its team. The firm recently announced that it closed its eighth acquisition in the past 10 months.

"A number of trends including aging demographics, technology advancements and a shift toward consumerism continue to drive growth in health care," said Dugan. "In today's challenging economic environment, we continue to uncover unique opportunities for investments. With the addition of Rob and other senior hires this year, we are very well-positioned to capitalize on our strong and active pipeline. Our focus will be investing in those companies that offer the strongest foundations for expansion in attractive segments of health care."

Water Street is currently pursuing investments in six segments of health care: diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals and specialty services. Its transactions typically range from $50 million to $500 million in value.

About Water Street Healthcare Partners

Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world's leading health care companies on its investments including: Johnson & Johnson, Medtronic and Smith & Nephew. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.


'/>"/>
SOURCE Water Street Healthcare Partners
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Womens Digital Imaging of Ridgewood First Private Medical Practice in New York Area to Screen With Breast Specific Gamma Imaging (BSGI)
2. Derma Sciences Announces New Contract With Major Medical Products Supplier for Private Label Adhesive Bandages
3. MIT is pleased to announce that it has received a US$ 200,000 private placement from its future Chinese partners
4. Neovasc Completes $2 Million Non-Brokered Private Placement
5. Pharmos Completes Private Placement - Raises $1.8 Million
6. Good News for Tough Times: Small, Private University Responds to Todays Economic Challenges
7. HBA Global Expo Platforms Private Label/Contract Manufacturing
8. Barry Arbuckle, MemorialCare Medical Center CEO and California Hospital Association Past Chair, Speaks Out on Impact of 3-Year, $32 Million Public-Private Partnership
9. Private-label OTC Drugs Post Solid Gains in 2008, According to Kline
10. Neovasc to Raise $2 Million in Non-Brokered Private Placement
11. Clarient Entered Into Private Placement of Up To $50 Million in Convertible Preferred Stock With Oak Investment Partners
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... 2017 , ... PurhealthRX , a leading Health and Nutrition Company, is ... to full spectrum CBD oil will revolutionize the rapidly growing CBD market by reducing ... easily incorporated into liquid products, while reducing costs to end users. , The team ...
(Date:10/13/2017)... ... 13, 2017 , ... Apple Rehab Shelton Lakes , which specializes in ... the facility as part of a disaster drill on October 3rd. , Apple Rehab ... City Emergency Manager, as well as the Connecticut Long Term Care Mutual Aid ...
(Date:10/13/2017)... NY (PRWEB) , ... October 13, 2017 , ... Ellevate ... people in business to advocate for action towards gender equality at their inaugural Summit ... from around the globe, and reached a social audience of over 3 million. To ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, actor Rob ... sciatica in a new episode of "Success Files," which is an award-winning educational ... and investigates each subject in-depth with passion and integrity. , Sciatica occurs when ...
(Date:10/13/2017)... ... ... “America On The Brink”: the Christian history of the United States and ... of published author, William Nowers. Captain Nowers and his wife, Millie, have six ... years in the Navy. Following his career as a naval aviator and carrier ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... to the Centers for Disease Control and Prevention (CDC), influenza vaccination ... is helping communities across Massachusetts , Connecticut ... flu shots through the end of the month. *Some exclusions ... ... shot is by the end of October, according to the Centers for ...
(Date:10/2/2017)... 2017  AllianceRx Walgreens Prime, the combined central specialty ... pharmacy benefit manager Prime Therapeutics LLC (Prime), today officially ... the unveiling of new signage at its headquarters in ... at a few other company-owned facilities across the country. ... some of whom will begin to see the AllianceRx ...
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
Breaking Medicine Technology: