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Water Street finalizes sale of Premise Health to OMERS.

BANKING AND CREDIT NEWS-July 25, 2018-Water Street finalizes sale of Premise Health to OMERS

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Health care-focused investor Water Street Healthcare Partners has announced that it has completed the sale of Tennessee, US-based Premise Health to OMERS Private Equity, the company said.

Water Street partnered with Walgreen Co. in 2014 to invest in its onsite health care business subsidiary, Take Care Employer Solutions. The firm simultaneously merged the business with CHS Health Services and transitioned it to a standalone company, Premise Health. Over the next four years, Water Street facilitated three more strategic acquisitions and invested in a state-of-the-art technology platform to extend Premise Health's onsite model to near-site health centers and virtual health.

Financial terms of the sale are not being disclosed.

Premise Health is a direct health care access company that delivers quality, access and value through more than 600 health and wellness centers in 44 states, Guam and Puerto Rico.

Water Street builds market-leading companies across key growth sectors in health care. It has worked with some of the world's health care companies on its investments including Humana, Johnson & Johnson, Medtronic and Walgreen Co. Water Street's team is comprised of industry executives and investment professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago.

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Publication:M2 Banking & Credit News (BCN)
Date:Jul 25, 2018
Words:234
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