Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has expanded its team with the addition of two healthcare investment professional
Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has expanded its team with the addition of two healthcare investment professionals.
The firm has appointed Peter Strothman to principal and Max Mishkin to vice president.
They join Water Street’s team of investment specialists and former healthcare executives of companies including Baxter International, Cardinal Health and Johnson & Johnson.
The appointments are Water Street’s latest step to support its continued investment activity and growing group of healthcare companies. The firm recently announced that it closed its eighth acquisition in the past ten months. Since raising its first fund in 2006, Water Street has completed 16 investments and built ten companies that specialise in healthcare services, medical devices and products, and specialty distribution.
‘We are excited to expand our team as we continue invest in and build market-leadership companies of long-lasting value in attractive sectors of health care,’ says Tim Dugan, managing partner of Water Street. ‘Since our founding, we have steadily grown to create one of the most experienced and diverse teams of healthcare executives and investment professionals in private equity. Our deep healthcare expertise and disciplined investment approach are key factors in our strong track record of creatively partnering with companies to strategically expand their businesses and position them for long-term, sustainable growth.’
Strothman and Mishkin will both focus on sourcing new investment opportunities for Water Street.
Strothman joins Water Street from JLL Partners where he worked on a range of healthcare investments. He previously worked with The Cypress Group and holds a bachelor’s degree in economics from Harvard University.
Mishkin most recently worked with Waud Capital Partners where he focused on investments in the healthcare services sector. He also held positions with The Edgewater Funds, Lazard and Bear Stearns. Mishkin received a bachelor’s degree in economics from Duke University and an MBA from the Kellogg School of Management at Northwestern University.
Water Street is currently pursuing investments in six key segments of healthcare: diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals and specialty services.
