Citi Private Equity Executive Joins Water Street Healthcar... (ted with Water Street's team over the ye...)

Citi Private Equity Executive Joins Water Street Healthcare Partners

Date:5/29/2009

ted 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 so
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Citi Private Equity Executive Joins Water Street Healthcar...(ted with Water Street's team over the ye...),Health