Navigation Links
Water Street Healthcare Partners Announces New Investment in Medical Specialties Distributors, LLC
Date:7/30/2010

CHICAGO, July 30 /PRNewswire/ -- Water Street Healthcare Partners, a leading private equity firm focused exclusively on health care, announced today that it has acquired Medical Specialties Distributors, LLC (MSD).  Headquartered in Stoughton, Massachusetts, MSD is the nation's leading provider of infusion products, supplies, biomedical services and technology solutions to the growing home infusion therapy market.  The acquisition expands Water Street's current group of health care companies to 12.

With U.S. demographics shifting toward an older population and an increasing number of people suffering from chronic conditions, the Centers for Medicare and Medicaid Services projects that home health care expenditures will reach more than $90 billion by 2014.  As demand for providing intravenous (IV) therapy to people in their homes continues to increase, MSD has grown to serve more than 4,000 customers.  The company supports a broad base of customers including specialty pharmacies and home infusion companies, such as Accredo Health Group, Inc., Coram Specialty Infusion Services and Walgreens Health Initiatives, Inc., as well as oncology clinics.

"MSD is uniquely positioned as the only national distributor that specializes in serving the needs of home infusion providers," said Rob Womsley, partner, Water Street Healthcare Partners.  "It has achieved steady growth by offering customers comprehensive solutions that support them with effectively managing and utilizing their products and supplies to ensure they meet their patients' day-to-day needs.  Our intention is to build on MSD's strong foundation and technology leadership to expand its services to the increasing number of providers who are enabling people to receive drug therapy services at home."

MSD offers customers a full range of infusion equipment and disposable supplies, as well as comprehensive services that encompass biomedical rental and repairs, equipment management and tracking, and formulary development.  The company employs more than 250 people, and operates eight fulfillment and service centers across the country.  Jim Beck, president and CEO of MSD, will continue to lead the company and its current management team.  He will work closely with Water Street's team, which includes former executives of global distribution businesses such as American Hospital Supply Corporation, Baxter International Inc. and McKesson Corporation.  

"Water Street is the ideal partner to help MSD advance our services and capabilities to provide greater value to our customers in this growing market," said Beck.  "I have known its partners for many years and believe they have an unmatched level of expertise building and operating specialty distribution businesses.  MSD will benefit tremendously from Water Street's expertise and ideas for how we can expand our services to the growing number of infusion centers and oncology clinics that are treating patients in the home."  

MSD marks Water Street's 25th transaction to build and create value in its portfolio of companies since its founding five years ago.  The firm's companies operate in a range of health care sectors including specialty distribution, medical devices and products, and specialty services.  MSD is Water Street's third investment in the medical distribution sector.  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.

"Water Street is focused on building market-leading companies in attractive growth sectors of health care," said Jim Connelly, partner, Water Street Healthcare Partners. "Over the past five years, our team of health care leaders has creatively sourced opportunities and partnered with global leaders to methodically build a diverse group of companies with strong potential for expansion.  We will leverage our deep industry expertise and network of relationships to transform them into market leaders of significant value that are poised to achieve long-term sustainable growth."

About Medical Specialties Distributors, LLC

Medical Specialties Distributors (MSD), LLC is the primary distributor of medsurg products and biomedical equipment into the alternate site infusion marketplace. MSD's additional services include formulary development, online ordering, equipment management and tracking, and patient direct delivery programs. MSD is an authorized distributor for most of the healthcare industry's leading group purchasing organizations and is also ISO 9001:2000 & ISO13485:2003 Certified. For more information, visit http://www.msdonline.com or contact Medical Specialties Distributors at (800) 967-6400.

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-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. Nephros and AmeriWater Announce Dual Stage Ultrafilters to be a Standard Component of MRO Series Water Treatment Systems
2. Renhuang Appoints PricewaterhouseCoopers to Develop a SOX 404 Compliance Program
3. Waters Expands Xevo MS Instrument Platform With Next-Generation Mass Spectrometers
4. Waters Corporation and NIBRT Partner to Bring Greater Control and Predictability to Biopharmaceutical Processing
5. Water Street Healthcare Partners Signs Definitive Agreement to Sell Sierra Scientific Instruments to Given Imaging
6. PricewaterhouseCoopers to Present First International Market Scorecard on Medical Technology Innovation at the 2010 International Medical Device Industry Compliance Congress
7. First Perry Baromedical Sigma Elite Hyperbaric Chamber with EMR Installed at Stillwater Medical Center
8. Waterproof Keyboard Now Has Brighter, More Efficient Backlighting
9. Groundbreaking Ceremony in Port-au-Prince, Haiti for FilterPure Water Filtration Factory
10. Waters SDMS Vision Publisher Now Certified Compliant with SAFE-BioPharma Digital Standard
11. New Analytical Training Lab Standardizes on Waters Innovative Technologies to Achieve Educational Goals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2016)... 27, 2016 Transparency Market Research ... Market - Global Industry Analysis, Size, Share, Growth, Trends, ... the global skincare devices market was valued at US$ ... at a CAGR of 10.1% from 2015 to 2023 ... Browse the full Skincare Devices Market (Treatment Device - LED ...
(Date:4/27/2016)... April 27, 2016 ... the  "Global Anesthesia Disposables Market 2016-2020"  report ... ) ,The global anesthesia disposables market ... of 4.03% during the period 2016-2020.  ... threat to patients, safety. Organizations like the ...
(Date:4/26/2016)... Mich. , April 26, 2016 Diplomat ... promotion of Jennifer Hagerman , Pharm D., to ... her growing role at Diplomat, Hagerman will continue to ... the company that delivers custom education and training to ... the specialty pharmacy industry. Diplomat University also houses the ...
Breaking Medicine Technology:
(Date:4/29/2016)... ... ... based oral and maxillofacial surgeon Dr. Majid Jamali is an expert in ... Dr. Jamali is proud to offer this permanent solution to patients who suffer from sleep ... This surgery is performed to correct the alignment of the jaw. It is beneficial for ...
(Date:4/29/2016)... (PRWEB) , ... April 29, 2016 , ... Regenerative ... Best Places to Work employee satisfaction survey, earning them second place for Tampa’s Best ... with 25-49 employees. , “This is a great accomplishment for our team,” says ...
(Date:4/29/2016)... ... April 29, 2016 , ... International Dehydrated Foods, Inc. (IDF™) will attend and ... at the Doubletree by Hilton Hotel in Oak Brook, Illinois. The two-day event is ... for protein ingredients. , At the seminar, IDF™ will offer samples of its Savory ...
(Date:4/29/2016)... ... April 29, 2016 , ... The Society for Assisted Reproductive ... are required to report in vitro fertilization (IVF) delivery rates to ... practice of assisted reproductive technologies in the United States. , This year, ...
(Date:4/29/2016)... ... 29, 2016 , ... Orthodontics Limited, one of the nation’s ... Dr. Middleberg, were asked by Invisalign to present an “Ask the ... titled “Advancing the Biomechanics of Invisalign Clear Aligners,” Dr. Gemmi and Dr. Middleberg ...
Breaking Medicine News(10 mins):