Water Street Appoints Katie Ossman to Vice President

News provided by

Nov 11, 2013, 01:07 ET

CHICAGO, Nov. 11, 2013 /PRNewswire/ -- Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced that it has appointed Katie Ossman to vice president. Ms. Ossman augments Water Street's team of senior investment professionals and former executives of health care corporations including Baxter International Inc., CVS Caremark Corporation, Johnson & Johnson and McKesson Corporation.

Ms. Ossman will support Water Street with identifying new investment opportunities, and developing and implementing strategic plans to expand its group of health care companies. Prior to Water Street, Ms. Ossman worked as an associate with Avista Capital Partners, where she focused on investments in the health care, consumer and industrials sectors. She began her career in investment banking with J.P. Morgan. Ms. Ossman received her bachelor's degree in economics from the Wharton School at the University of Pennsylvania. She earned her master's degree in business administration from the University of Chicago's Booth School of Business.

"We are pleased to add Katie to our team as we continue to invest in and grow our family of health care companies," said Tim Dugan, managing partner, Water Street. "Our team's unique combination of deep industry expertise and years of experience investing in and operating global health care businesses has been, and will continue to be, core to our success of building market-leading companies of greater long-term value across key growth sectors in health care."

Water Street has completed more than 45 strategic acquisitions and mergers to build 20 market-leading health care companies since raising its first fund seven years ago. The firm is continuing to pursue proprietary investment opportunities in four segments of health care: medical and diagnostic products and devices, specialty distribution, outsourced health care services, and specialty pharmaceutical products and services. Target investments range in size from $50 million to $500 million in value.

About Water Street

Water Street is a strategic investor focused exclusively on health care. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has worked with some of the world's leading health care companies on its investments including Gentiva, Johnson & Johnson, Medtronic and Smith & Nephew. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit waterstreet.com.

SOURCE Water Street Healthcare Partners