Water Street Backs Sarnova

"Water Street Healthcare Partners is expected to announce Thursday, June 5, that it has committed $75 million in equity financing to healthcare products distributor Sarnova.

Combined, the companies create a leading distributor, providing more than 100,000 healthcare products to hospitals, surgery centers and emergency-care providers all over the U.S. Sarnova will generate more than $400 million revenues and employ more than 600 people.

Water Street tapped Ted Zook, Jody Gale and Gregory Grove of Kirkland & Ellis LLP for legal counsel."

This article appeared in its entirey in the June 5, 2008 edition of The Deal.