Navigation Links
Water Street Healthcare Partners Acquires MarketLab, Inc.
Date:6/27/2011

CHICAGO, June 27, 2011 /PRNewswire/ -- Water Street Healthcare Partners, a strategic private equity firm focused exclusively on health care, announced today that it has acquired MarketLab, Inc.  Water Street's investment in MarketLab is the firm's fourth in the specialty healthcare distribution sector.  The acquisition expands Water Street's current group of health care companies specializing in distribution, life sciences, medical devices and services to 13.

MarketLab distributes unique products to the clinical laboratory, hospital nursing and magnetic resonance imaging (MRI) markets.  Headquartered in Caledonia, Michigan, the company directly markets thousands of products to approximately 11,000 customers including hospitals, integrated delivery networks, physician practices and clinical labs across the country.  Water Street intends to invest its capital and health care expertise to build MarketLab into a leading specialty distributor across multiple health care markets.

"MarketLab excels at providing health care professionals with unique products that are difficult for them to find otherwise.  It is highly regarded for its focus on its customers, particularly for providing them with products that make their jobs easier to perform.  We plan to build on MarketLab's strong marketing platform and distribution capabilities through an aggressive strategic growth plan.  We will pursue acquisitions that will expand MarketLab's footprint in its current markets, as well as extend its marketing capabilities into adjacent health care markets," said Rob Womsley, partner, Water Street.

MarketLab was founded in 1994 with a focus on serving the clinical laboratory market.  Over the past 15 years, it has steadily increased the products and services it provides to clinical labs, as well as to hospital nursing stations.  In 2010, MarketLab acquired Newmatic Medical to extend its direct marketing capabilities to the MRI marketplace.

"I am excited to partner with Water Street to accomplish my goal of building MarketLab into a leader," said Mike Bieker, founder of MarketLab.  "Water Street's team began talking with me five years ago about ways we could work together to grow MarketLab.  Their strategic insights, focus on healthcare and network of industry relationships were instrumental in my decision to partner with Water Street.  Our customers, suppliers and employees will gain significant value from this relationship."

Water Street has completed 29 transactions since its founding six years ago to create and grow a diverse group of 13 health care companies.  Earlier this year, the firm announced it acquired the specialty pharmaceutical company, OraPharma, Inc., from Johnson & Johnson.  MarketLab is Water Street's latest investment in the specialty distribution sector.  In 2010, it acquired Medical Specialties Distributors, the leading supplier to the home infusion market.  The firm also owns Sarnova, which has grown to become the leading national distributor to the respiratory and emergency medical services markets, after Water Street acquired and merged Bound Tree Medical and Tri-anim Health Services, Inc. in 2008.

"Our team of health care executives and senior investment professionals has proactively partnered with global leaders to build a core group of companies with strong potential for expansion in attractive sectors of health care.  Our focus is utilizing our team's extensive health care operating experience, industry knowledge and network of relationships to build our companies into market leaders of significant value," said Kevin Swan, partner, Water Street.  

About MarketLab

MarketLab is a leading distributor of unique and hard-to-find products to the clinical laboratory, hospital nursing and magnetic resonance imaging markets.  It is committed to providing its customers with customized solutions that contribute to a better health care experience for their patients.  The company is headquartered in Caledonia, Michigan.  MarketLab is a company of Water Street.  For more information, visit marketlabinc.com.

About Water Street

Water Street 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-leading 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©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. MO BIO Laboratories, Inc. Launches the PowerWater® Sterivex™ DNA Isolation Kit
2. Reportlinker Adds Global Water Market Outlook: Strategic Analysis of Water and Wastewater Management in the Pharmaceutical Industry
3. American Regent Initiates Nationwide Voluntary Recall of Sterile Water for Injection, USP, 50 mL Single Dose Vial Due to Particulate Matter
4. Important Information for Atwater Carey First Aid Kit Consumers Regarding Triad Groups Povidone Iodine Prep Pads
5. China Botanic Pharmaceutical Approved to Produce Water-Based Mixtures
6. International Medical Corps Team in Hardest-Hit Coastal Communities Finds Severe Shortages of Food, Water, Medicines; Acute Need for Mental Health Support
7. Southern Home Medical Equipment Engages Northern Virginia Based Waterford Holdings Group to Evaluate and Consider Acquisition Candidates in the Mid-Atlantic Area
8. Water Street Healthcare Partners Acquires OraPharma, Inc.
9. Vermillion Reappoints Three Directors, Approves a New Stock Incentive Plan, and Ratifies PricewaterhouseCoopers LLP as Its Accounting Firm
10. Top Business School Students From Around the World Compete for Innovative Solutions to the Global Clean Water Crisis
11. Three Leading Sleep Solution Providers Choose Watermark Medicals Web-Enabled Home Sleep Testing Solutions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/17/2017)... Cryoablation, Electrical, Endometrial Hydrothermal, Laser/Light, Microwave, Radiofrequency, Ultrasound, Cardiovascular, Gynaecology, ... expected to grow at a CAGR of 9.4% from 2017-2022 and ... at a CAGR of 9.5% from 2017 to 2027. The market ... ... benefit you Read on to discover how you can exploit ...
(Date:2/17/2017)... 2017 Arvinas LLC, a private biotechnology company ... degradation, today announced the presentation of new preclinical data ... poster session at the American Society of Clinical Oncology ... Orlando, FL. "The new ... the potential of PROTACs to drive durable and robust ...
(Date:2/17/2017)... and Markets has announced the addition of the "Pharmaceutical Contract Manufacturing ... ... the US, Canada , Japan , ... of World. Annual estimates and forecasts are provided for the period 2015 ... Market data and analytics are derived from primary and secondary research. ...
Breaking Medicine Technology:
(Date:2/17/2017)... FL (PRWEB) , ... February 17, 2017 , ... ... software tools that allow for the electronic prescribing of controlled and non-controlled substances ... , Ninety percent of pharmacies in the United States now accept electronic prescriptions, ...
(Date:2/17/2017)... ... February 17, 2017 , ... Empowering each person's mental functions, ... each and every seminar, session and class she offers. At the International ... which help energize creativity, focus mental functions, enhance athletic focus and skill sets, ...
(Date:2/17/2017)... , ... February 17, 2017 , ... ... the HIMSS17 Conference & Exhibition in Orlando, Fla., February 19-23. Visitors to the ... the most widely used electronic patient signatures solution in healthcare . ...
(Date:2/17/2017)... ... February 17, 2017 , ... Pharmica Consulting attended ... all facets of clinical trial planning and management. Pharmica discussed the importance of ... In addition, attendees stopping by Pharmica’s booth were able to demo its cloud-based ...
(Date:2/17/2017)... ... 17, 2017 , ... Like most hospitals across the nation, Onslow Memorial Hospital ... the Hospital Readmission Reduction Program (HRRP), the return of a patient to the hospital ... the nation. While many providers are struggling to leverage limited resources and technology, Onslow ...
Breaking Medicine News(10 mins):