Water Street Appoints Paul T. Cottey Chief Information Officer

Health Care Firm Expands to Support Group of Companies

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Jul 15, 2015, 10:17 ET

CHICAGO, July 15, 2015 /PRNewswire/ -- Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced today that it has appointed Paul T. Cottey as chief information officer. A former executive partner with Accenture, Mr. Cottey brings nearly 30 years of information technology experience to Water Street. He will collaborate with the firm's group of health care companies to engage and align their IT strategy and infrastructure to support their growth objectives.

Paul T. Cottey joins health care firm Water Street as CIO.

During a nearly 20-year career with Accenture, Mr. Cottey consulted with numerous corporations on their IT strategy. He also oversaw IT initiatives for a variety of companies as vice president of IT and Systems at The Gores Group. Mr. Cottey has significant health care experience, having served as CIO of Accretive Health, Inc. During his tenure with the company, he was recognized as one of ComputerWorld's Premier 100 IT Leaders. Prior to Water Street, Mr. Cottey was CIO and a member of the executive leadership team of Patient Matters, LLC.

"We are excited to expand our team of health care executives and investment professionals with another leader of Paul's caliber," said Kevin Swan, partner, Water Street. "His expertise in information technology strategy and operations brings another important component of support to growing and creating long-term value in our family of health care companies."

Mr. Cottey augments Water Street's Corporate Resources Group, which is comprised of specialists who work with the firm's companies to execute strategies that support their growth objectives. The group offers expertise in corporate communications, corporate development, information technology and talent management.

Water Street has completed more than 50 strategic acquisitions and mergers to build 22 market-leading companies in key segments of health care since its founding in 2005. The firm is pursuing 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 Johnson & Johnson, Medtronic, Smith & Nephew and Walgreen Co. 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.

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SOURCE Water Street Healthcare Partners