Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has appointed Robert B.
Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has appointed Robert B. Womsley as a partner, effective 1 July.
A senior partner with Citi Private Equity, Womsley (pictured) will work with Water Street’s team of senior investment professionals and healthcare executives to identify new investment opportunities and support its growing group of healthcare companies.
"We are excited to have a leader of Rob’s investment acumen and experience join our team," says Tim Dugan, managing partner, Water Street Healthcare Partners. "We have continued to identify and complete a number of new investments over the past year, and have been selectively looking for another partner to help advance our active pipeline. We’ve known Rob for many years, and we believe his global experience, solid judgment and strong track record of achieving results make him an ideal fit with our senior leadership team. Additionally, his worldwide contacts will be valuable for enhancing our extensive network of industry relationships."
Womsley brings more than 20 years of global investment experience to Water Street. In his recent position as European head of Citi Private Equity, he led more than USD1bn of transactions. Previously, Womsley was managing director and global head of Citi’s private equity placement group.
"I’m looking forward to returning to Chicago to join Water Street and its dynamic team of leaders," says Womsley. "As I’ve interacted with Water Street’s team over the years, I’ve appreciated their deep expertise and unique investment approach. The results that Water Street has achieved in three years since raising its first fund speak volumes to the effectiveness of the strategy. I am thrilled to become a member of the team, and play an active role in future investments and growth."
Since raising its first fund in 2006, Water Street has completed 16 investments and built ten healthcare companies. During the same time period, it has more than doubled the size of its team. The firm recently announced that it closed its eighth acquisition in the past ten months.
Water Street is currently pursuing investments in six segments of healthcare: diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals and specialty services. Its transactions typically range from USD50m to USD500m in value.
