Investment Summary

Water Street Healthcare Partners Invests In Avantik

On February 15, 2023, private equity firm Water Street Healthcare Partners invested in medical products company Avantik

Investment Highlights
  • This is Water Street Healthcare Partners’ 14th transaction in the Medical Products sector.
  • This is Water Street Healthcare Partners’ 45th transaction in the United States.
  • This is Water Street Healthcare Partners’ 5th transaction in New Jersey.

Investment Summary

Date 2023-02-15
Target Avantik
Sector Medical Products
Investor(s) Water Street Healthcare Partners
Deal Type Growth Capital

Target

Avantik

Pine Brook, New Jersey, United States
Avantik is an integrated medical products and services company, delivering quality equipment, consumables and service to anatomic pathology, Mohs and on-site pathology laboratories nationwide. Avantik was founded in 1971 and is based in Pine Brook, New Jersey.

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Investor(S) 1

Investor

Water Street Healthcare Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Water Street is a specialist private equity firm that targets investments in healthcare companies. Specific areas of interest within healthcare include diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals, and specialty services. Water Street targets non-core units of larger corporations and private middle-market companies. Transactions are typically valued between $50 and $500 million. Water Street does not invest in biotechnology, traditional healthcare facilities (hospitals, nursing homes) or early-stage companies without positive cash flow. Water Street was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 48 of 50
Sector (Medical Products) 14 of 14
Type (Growth Capital) 15 of 17
State (New Jersey) 5 of 5
Country (United States) 45 of 47
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 Catalyx

Cork, Ireland

Catalyx specialises in enhancing quality and speed in life sciences and consumer goods through machine vision, automation, managed services and staffing solutions. Catalyx was founded in 1998 and is based in Cork, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Hansen Hunter

Portland, Oregon, United States

Hansen Hunter specializes in business office and technology services that support post-acute care and senior living organizations with the growing volume of administrative demands required to operate their facilities. Its services include reimbursement solutions, clinical consulting, compliance, reporting, accounting, auditing and tax management. Hansen Hunter was founded in 1979 and is based in Portland, Oregon.

Buy -