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WindRose Health Investors invests in Third Wave Recovery Systems

WindRose Health Investors (WindRose), a New York-based healthcare private equity firm, has completed an investment in Third Wave Recovery Systems (TWRx), a provider of rebate administration services for hospitals, long-term care (LTC) facilities, and select specialty physician groups. 

Terms of the transaction have not been disclosed.
In conjunction with WindRose’s investment, TWRx acquired SRX, a specialist in pharmaceutical rebate management services for the skilled nursing and LTC industry. The Company appointed a new executive team to lead the combined entity, including CEO Ed Lagerstrom, former President of UnitedHealthcare Networks.
WindRose’s investment in TWRx will support the Company’s strong momentum in the rebate administration marketplace. With WindRose’s investment, industry knowledge, and broad array of relationships across the healthcare industry, TWRx is well-positioned to continue its rapid growth trajectory. Eric Moskow, MD, co-founder of TWRx, will continue to lead the Company as its Chairman and will remain a significant shareholder.

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