Investment Summary

Water Street Healthcare Partners Invests In ELAP

On June 14, 2016, private equity firm Water Street Healthcare Partners invested in business services company ELAP

Investment Highlights
  • This is Water Street Healthcare Partners’ 1st transaction in the Business Services sector.
  • This is Water Street Healthcare Partners’ 29th transaction in the United States.
  • This is Water Street Healthcare Partners’ 4th transaction in Pennsylvania.

Investment Summary

Date 2016-06-14
Target ELAP
Sector Business Services
Investor(s) Water Street Healthcare Partners
Deal Type Growth Capital

Target

ELAP

Wayne, Pennsylvania, United States
website
ELAP provides cost containment for self-insured employer groups by assisting in plan design and establishing limits for payment of medical claims that are based on the providers actual cost to deliver a service, not the heavily inflated billed charges.

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Investor(S) 1

Investor

Water Street Healthcare Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 3.0B USD
Size Large
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 30 of 44
Sector (Business Services) 1 of 4
Type (Growth Capital) 6 of 13
State (Pennsylvania) 4 of 5
Country (United States) 29 of 42
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 HealthPlan Holdings

Tampa, Florida, United States

HealthPlan Holdings, Inc. (HealthPlan Services) is a provider of technology solutions to health insurance and managed care industries.

Sell $460M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 BioClinica

Princeton, New Jersey, United States

Bioclinica is an integrated clinical life science solutions provider, delivering powerful insight into clinical trial development, assuring greater client success in bringing medical therapies to market, for people around the world. Through deep medical, scientific, and technology expertise, the company provides medical imaging and cardiac safety services; clinical adjudication; randomization and trial supply management and optimization; electronic and eSource data capture; site and patient payments; clinical trial management software; and drug safety solutions. Bioclinica’s global team of life science experts serves more than 500 pharmaceutical, biotechnology, and device organizations including the top 20 biopharmaceutical companies and leading CROs through offices in North America, Europe, and Asia. Bioclinica was formed in 1990 and is based in Princeton, New Jersey.

Sell -