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Water Street invests in CHS and merges it with Walgreen subsidiary

Water Street Healthcare Partners has made an undisclosed investment in CHS Health Services. It has also merged CHS with Walgreen subsidiary Take Care Employer Solutions. Headquartered in the greater Nashville, Tenn. area, the newly combined company will focus on employee health care. Stuart Clark has been named CEO of the merged company.

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Water Street and JLL Partners completes merger of CCBR-SYNARC and BioClinica

Water Street Healthcare Partners and JLL Partners said Wednesday that they have completed the merger of CCBR-SYNARC and BioClinica. No financial terms were disclosed. Both Water Street and JLL Partners have named Jeffrey McMullen to serve as chairman of the combined company, which will provide specialty outsourced clinical services.

Water Street sells Medical Specialties Distributors

Water Street Healthcare Partners has sold Stoughton, Mass.-based Medical Specialties Distributors to New Mountain Capital. Water Street partnered with MSD’s management team in 2010 to build the company into the nation’s leading distributor and solutions provider to the growing alternate-site home infusion therapy market.

Water Street appoints Katie Ossman to VP

Water Street Healthcare Partners, a strategic investor focused on the healthcare industry, has appointed Katie Ossman to vice president. Ossman will support Water Street with identifying new investment opportunities, and developing and implementing strategic plans to expand its group of health care companies. Prior to Water Street, Ossman worked as an associate with Avista Capital Partners, where she focused on investments in the health care, consumer and industrials sectors.

Lev, Niles Join Ampersand Capital

Ampersand Capital Partners said Monday that Eric Lev has joined as a partner, while Dana Niles was named CFO and Chief Compliance Officer. John Perkins also joined Ampersand as an operating partner. Lev was most recently at Water Street Healthcare Partners where he served on their investment team. Niles previously was CFO of HighPoint Capital. And Perkins was a senior executive at Talecris Biotherapeutics, an Ampersand portfolio company.

Sarnova Acquires DXE Medical

Sarnova, a specialty distributor of health care products in the emergency medical services and acute care markets, has acquired DXE Medical. DXE is the fifth acquisition Sarnova has completed since Water Street Healthcare Partners invested in the company in 2008.

Water Street to Sell OraPharma to Valeant

Valeant Pharmaceuticals is to acquire OraPharma, an oral health company from Water Street Healthcare Partners, a private equity firm focused exclusively on the health care industry. Total deal value is around $312 million. PRESS RELEASE Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) announced today that Valeant has agreed to acquire OraPharma, a specialty […]

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Court Square Buys Physiotherapy Associates

Water Street Healthcare Partners and Wind Point Partners are exiting their investment in Physiotherapy Associates, selling the company to New York-based private equity firm Court Square Capital Partners. Terms were not released. Water Street and Wind Point Partners partnered to form Physiotherapy Associates in 2007. PRESS RELEASE Water Street Healthcare Partners and Wind Point Partners […]

AAIPharma Buys Celsis Analytical

AAIPharma Services Corp., a private equity backed provider of pharmaceutical product development services, has acquired Celsis Analytical Service. AAIPharma is backed by Chicago-based Water Street Healthcare Partners. Terms of the deal were not released.

Summit Partners Backs CareCentrix

Summit Partners has completed its investment in CareCentrix Inc., a provider of home healthcare benefits management services. The funding is designed to fund continued growth and development of new products. Water Street Healthcare Partners, which bought the company in 2008, will continue to hold a stake going forward. Specific terms of Summit’s investment were not released.

Hudson Named CFO, EVP of HealthPlan

Michael Hudson was named CFO and EVP of HealthPlan Holdings. He was previously head of care management operations for Aetna. HealthPlan is a Water Street Healthcare Partners‘ portfolio company.

HealthPlan Holdings Buys Zenith Administrators

HealthPlan Holdings Inc., a provider of services to insurers, has acquired Zenith Administrators Inc. Financial terms of the deal were not released. HealthPlan is backed by private equity firm Water Street Healthcare Partners. The firm is based in Chicago.

Water Street Healthcare Partners Adds Three VPs

Chicago-based Water Street Healthcare Partners has added three new vice presidents to support its portfolio of healthcare companies: Hilary Dexter, Greg Robitaille and Mike Brennan. Dexter will lead executive recruiting; Robitaille will spearhead corporate development for Water Street’s companies. Brennan will identify and execute new investments, the company said in a release.

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