GP Profile: Water Street Healthcare Partners Turns Toward Exits

Firm: Water Street Healthcare Partners

Year Founded: 2005

Headquarters: Chicago

Leader: Tim Dugan, Managing Partner

Strategy: Create market-leading platform companies in diagnostic devices, medical products, specialty distribution and other niche segments of the health care industry that can eventually be sold to larger strategic buyers.

Number of Investment Professionals: 13, plus five operating partners

The founders of Water Street Healthcare Partners spun out of One Equity Partners back in 2005, confident they could extricate outsized returns from the labyrinthine U.S.

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