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Water Street Healthcare Partners

PE

USHealthtechBio/PharmaEnterpriseOther

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Investment thesis

Water Street Healthcare Partners is a strategic private equity investor dedicated exclusively to building market-leading businesses in three critical healthcare sectors: medical products and diagnostics, pharmaceutical and life sciences, and healthcare services. Founded in 2005 and based in Chicago, the firm focuses on middle-market companies and pursues transformational growth through proprietary investments, strategic acquisitions, and corporate partnerships, targeting businesses valued between $50 million and $500 million. Water Street's team is described as "a distinctive blend of health care executives, investment professionals, and functional specialists with decades of experience investing in and operating global health care businesses." Working closely with leadership teams, the firm contributes its industry knowledge, extensive network, and capital to accelerate growth and impact, with the goal of building premier companies that improve patient care, increase efficiencies, and lower costs across the healthcare system.

Notable quotes

Our team is deeply grateful to our investors for their strong support of our strategy focused on building market-leading businesses in key health care sectors. We will continue to invest our team's health care knowledge, experience, and network, along with our capital, to achieve our goal of building premier companies that are positively impacting the health care system and delivering exceptional results to employees, customers, and our investors.

Tim Dugan · https://waterstreet.com/news/water-street-healthcare-partners-closes-1-9-billion-fund · 2026-05-13

Our team is honored by the ongoing support from our investors in our strategy of partnering with founders and executives to build market-leading companies in key health care sectors. We will continue to invest our deep health care knowledge, experience, and extensive industry network to advance our goal of transforming our companies into premier organizations.

Tim Dugan · https://waterstreet.com/news/water-street-closes-1-4-billion-fund · 2022-04-21

Pillr's pharmacy expertise and innovative solutions are vital for helping providers expand their health services under constrained budgets to deliver high-quality clinical care. We are honored to work with Skip and his team to advance their goal of becoming a leader in hospital pharmacy enablement.

Patrick Teyro · https://www.prnewswire.com/news-releases/water-street-healthcare-partners-invests-in-pillr-health-302660497.html · 2026-01-14

Team

Tim Dugan

Managing Partner

HealthtechBio/PharmaEnterprise

Katie Ossman

Partner

HealthtechBio/Pharma

Pete Strothman

Partner

HealthtechEnterprise

Rob George

Partner

HealthtechBio/Pharma

Patrick Teyro

Principal

HealthtechEnterprise

Ned Villers

Partner

HealthtechBio/Pharma

Recent investments

CompanyRoundSizeDate
Pillr HealthPrivate Equity2026-01-14
GlobalMed LogistixPrivate Equity2024-01-01
Brundage GroupPrivate Equity2023-01-01
EVERSANAPrivate Equity2018-01-01
Discovery Life SciencesPrivate Equity2019-01-01
Medical GuardianPrivate Equity2020-01-01
BregPrivate Equity2012-01-01
BioclinicaPrivate Equity2013-01-01
Premise HealthPrivate Equity2014-01-01
CareCentrixPrivate Equity2011-01-01

Frequent co-investors

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