2023
Annual
Review

Every year, we work closely with founders and leadership teams toward achieving a shared goal: build market-leading businesses that positively impact healthcare.

This commitment and clarity of purpose have resulted in another active, outstanding year for Water Street and our family of healthcare companies.

Steadfast purpose, consistent performance

We have applied our proactive approach to building healthcare leaders since our founding in 2005, delivering consistent results and contributing to a stronger healthcare system through many economic and market cycles.

Since 2005

  • 165+Investments
  • 45Companies in Three Key
    Healthcare Sectors
  • $5BCapital Invested
  • 11%Average Aggregate
    Annual Sales Growth

Building the Water Street team

Bolstering Water Street’s Greatest Asset: Our People

Investing in growth and expansion

  • New growth companies
  • State-of-the-art facilities
  • Strategic acquisitions
  • R&D/product launches

Growth Initiatives

New Partnerships

  • Avantik

    A new partnership focused on building on Avantik’s legacy as a trusted resource serving diagnostic laboratories.

  • Compliance Services

    Partnered with founders to build a provider offering comprehensive solutions to support employers with intensifying healthcare compliance demands.

Strategic Acquisitons

  • Discovery Life Sciences

    Expanded the biospecimen and biomarker provider’s cell biology and toxicology services with the addition of ReachBio Research Labs.

  • Eversana

    Acquired Healthware Group to amplify the company’s global footprint and commercial capabilities supporting life science organizations.

  • Renovo Solutions

    Facilitated another acquisition to broaden Renovo’s services supporting customers with managing their clinical equipment and technology.

  • Imagine360

    Added another capability to advance the company’s innovative solutions that reduce employer healthcare costs and improve the customer experience.

  • Avantik

    Completed two acquisitions to bolster the company’s service coverage to diagnostic laboratories on a national scale.

  • Long Grove Pharmaceuticals

    Added four injectable products to grow the company’s portfolio of specialized, complex generic drug formulations.

Organic Initiatives

  • Discovery Life Sciences

    Opened a global headquarters with state-of-the-art capabilities to support customers seeking to accelerate their R&D initiatives.

  • Safeguard Medical

    Broke ground on a new global headquarters and distribution center to more efficiently provide first responders with critical medical devices and technologies.

  • Medical Guardian

    Unveiled the company’s lightest medical alert device with instant two-way communications, fall detection technology and other features supporting aging adults.

  • Alcor Scientific

    Invested in advancing diagnostic solutions to support higher-volume labs with assessing patients’ inflammation levels and research market with measuring red blood properties for sepsis testing.

  • Pathnostics

    Unveiled clinical data demonstrating the powerful impact of the company’s advanced test for diagnosing complicated, recurrent UTIs.

  • Allucent

    Selected to serve as the new R&D partner to the U.S. Administration for Strategic Preparedness and Response among other new clients.

  • Viant

    Invested significant capital to more than double Viant’s presence and workforce in Costa Rica.

Converting purpose into value

In 2023

Disclaimer
  • 15%
    Aggregate Revenue Growth
  • 20%
    Aggregate Earnings Growth
  • Water Street companies saved millions of dollars in total operating costs in 2023 through innovative supply chain and procurement strategies developed by our Corporate Resources Group.
  • We launched a Water Street Knowledge Hub, a web portal to enable Water Street companies to access information and collaborate on supply chain and procurement initiatives.

At Water Street, creating meaningful long-term value has always been about collaboration with strong executives and a continuous search together for new ways to build businesses, turn healthcare challenges into opportunities and contribute to a more efficient, effective healthcare system.

We advance through new ideas, new relationships and new opportunities.

Work with us.