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Water Street Healthcare Partners

Water Street Healthcare Partners invests its own or fund capital, without a clearly stated strategy, from United States. It states a focus on healthcare & life sciences.

Capital raised$690macross 5 SEC-filed vehicles
Most recent fund2022filing since 2017
HeadquartersUnited States
Largest single fund$345m

Stated investment criteria

What Water Street Healthcare Partners says it buys

Read from Water Street Healthcare Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded20051

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Water Street Healthcare Partners to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Water Street Healthcare Partners has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed5
Total capital raised$690m
Largest single vehicle$345m
Filing history2017 to 2022
Smallest accepted commitmentNone stated
Filed fromILLINOIS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Water Street Healthcare Partners is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$7.5bn
Employees42
Private funds advised16 · $7.5bn gross
SEC adviser numberCRD 156694

Recorded transactions

Buying and selling

Deals in which Water Street Healthcare Partners is named as buyer or seller in the transaction archive. 5 recorded exits, most recently in 2021.

CompanySideCounterpartyYearConsideration
CustopharmSoldHikma2021$375m
Key Surgical LLCSoldSteris2020$850m
New Century HealthSoldEvolent Health2018$217m
SarnovaSoldPatricia Industries2018$903m
HealthPlan HoldingsSoldWipro2016$460m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Healthcare & Life Sciences

What companies have actually sold for in healthcare & life sciences, across 1,263 recorded transactions.

Median consideration$110m
Middle 50%$30m-$318m
Revenue multiple2.8×
EBITDA multiple12.5×

The full healthcare & life sciences picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other other investors active in healthcare & life sciences.