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.


Water Street Healthcare Partners, a leading private equity firm focused exclusively on the health care industry, announced today that it has expanded its team of senior executives and investment professionals. The firm has appointed three vice presidents to support its growing group of health care companies, including: Hilary Dexter, Greg Robitaille and Mike Brennan.

The firm’s new appointments will work with its companies’ management teams to support their strategic growth initiatives. Hilary Dexter will lead executive recruiting and Greg Robitaille will spearhead corporate development for Water Street’s companies. Mike Brennan will identify and execute new investments. Water Street recently expanded its group of companies specializing in medical and diagnostic products, distribution, life sciences and health care services to 13 with a new investment in June.

“These newest appointments offer our companies specialized expertise to support them with strategically expanding and building value in their businesses. They are strong additions to our team of seasoned health care executives and investment professionals. Together, we are focused on leveraging our extensive operating experience, deep industry knowledge and network of relationships to transform our companies into market leaders poised for long-term, sustainable growth,” said Tim Dugan, managing partner, Water Street.

Ms. Dexter joins Water Street from Hewitt Associates, a global human resources company, where she recruited senior executives for its business segments. Previously, she worked for a boutique executive search firm. Mr. Robitaille has led business development for Sarnova, one of Water Street’s companies, for the past two years. He previously managed direct investing activities and provided financial advisory services to a Chicago-based family office. He also worked with Equity Group Investments. Mr. Brennan rejoins Water Street after completing his master’s degree in business administration from the Kellogg School of Management at Northwestern University. His prior experience includes working in the investment banking group at Deutsche Bank Securities.

Water Street is currently pursuing investments in companies in six key 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 strategic private equity firm focused exclusively on health care. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has worked with some of the world’s leading health care companies on its investments including Gentiva, 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.