Investment Summary

Water Street Healthcare Partners Invests In Medical Guardian

On January 11, 2021, private equity firm Water Street Healthcare Partners invested in healthcare services company Medical Guardian

Investment Highlights
  • This is Water Street Healthcare Partners’ 10th transaction in the Healthcare Services sector.
  • This is Water Street Healthcare Partners’ 42nd transaction in the United States.
  • This is Water Street Healthcare Partners’ 5th transaction in Pennsylvania.

Investment Summary
Date 2021-01-11
Target Medical Guardian
Sector Healthcare Services
Investor(s) Water Street Healthcare Partners
Deal Type Growth Capital

Target

Medical Guardian

Philadelphia, Pennsylvania, United States
Medical Guardian is a provider of senior health solutions. The company offers a full suite of connected care medical alert systems that empower older adults to live a life without limits. Medical Guardian provides nationwide support to more than 160,000 aging Americans who are ready to take on the next chapter of life while remaining safe in their own home. Whether it’s an in-home system, mobile device with GPS/Wi-Fi capabilities, or an all-in-one wearable medical alert smartwatch, Medical Guardian has the personal medical alert device to meet an array of needs and lifestyles. Medical Guardian was founded in 2005 and is based in Philadelphia, Pennsylvania.

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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 44 of 50
Sector (Healthcare Services) 10 of 10
Type (Growth Capital) 12 of 17
State (Pennsylvania) 5 of 5
Country (United States) 42 of 47
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Key Surgical

Minneapolis, Minnesota, United States

Key Surgical LLC is a provider of sterile processing and operating room supplies. Key Surgical LLC offers a broad suite of thousands of products and supplies focused on instrument reprocessing, operating room, and patient procedures to over 10,000 facilities in 70 countries.

Sell $850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Orgentec

Mainz, Germany

Orgentec is a diagnostics company focused on developing and producing tests, primarily enzyme-linked immunosorbent assays (ELISA), that help diagnose the increasing number of people impacted by autoimmune disorders and infectious diseases. Orgentec was founded in 1988 and is based in Mainz, Germany.

Sell -
Mergr

Product

Company

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