NEW YORK, Sept. 16, 2022 /PRNewswire/ — WindRose Well being Traders, LLC (“WindRose”), the New York-based healthcare personal fairness agency, introduced right this moment that it has accomplished an funding in Third Wave Restoration Methods, LLC (“TWRx” or the “Firm”), a supplier of rebate administration companies for hospitals, long-term care (LTC) amenities, and choose specialty doctor teams. Phrases of the transaction weren’t disclosed.
Along with WindRose’s funding, TWRx acquired SRX, LLC (“SRX”), a pacesetter in pharmaceutical rebate administration companies for the expert nursing and LTC trade. The Firm appointed a brand new govt crew to guide the mixed entity, together with CEO Ed Lagerstrom, former President of UnitedHealthcare Networks.
“I am happy to have the chance to collaborate alongside WindRose with gifted healthcare executives on a disruptive enterprise mannequin,” mentioned Mr. Lagerstrom. “TWRx is positioned as a market chief, predicated on transparency, compliance, and trusted partnerships with its clients.”
WindRose’s funding in TWRx will assist the Firm’s sturdy momentum within the rebate administration market. With WindRose’s funding, trade information, and broad array of relationships throughout the healthcare trade, TWRx is well-positioned to proceed its fast progress trajectory. Eric Moskow, M.D., co-founder of TWRx, will proceed to guide the Firm as its Chairman and can stay a major shareholder.
“TWRx’s mission has all the time been to determine sturdy trade relationships to grasp what’s actually affecting outcomes and price available in the market,” mentioned Dr. Moskow. “As we meticulously thought of our long-term strategic choices, we decided that SRX and TWRx have been a pure match. WindRose’s funding validates our perception within the influence of the TWRx platform, and we’re excited to have them as a accomplice going ahead.”
“The acquisition of SRX cements TWRx because the premier platform inside the rebate and prescription drug administration area,” mentioned Alex Buzik, Accomplice at WindRose. “We consider that the Firm will proceed to construct upon its current service providing to create additional worth for its shoppers. We’re excited to accomplice with Dr. Moskow, Ed, and the remainder of the TWRx crew as they solidify TWRx as the very best high quality rebate administration firm within the trade.”
McDermott Will & Emery LLP acted as authorized advisor to WindRose and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. acted as authorized advisor to Third Wave.
About WindRose Well being Traders
WindRose makes fairness investments in firms that function inside the companies sectors of the healthcare trade. The agency focuses on firms with worthwhile enterprise fashions and a demonstrated potential to ship cost-effective options. WindRose manages over $2.6 billion in investments. WindRose relies in New York Metropolis and invests in firms all through america. For extra data, please e mail us at [email protected].
About Third Wave Restoration Methods, LLC
TWRx is a quickly increasing pharmaceutical rebate supervisor providing market-differentiated companies to LTC amenities, hospitals, oncology practices, and different specialty supplier teams. The TWRx platform that leverages superior know-how, analytics and nationwide trade contracts to evaluate and scale back the net-cost of its shopper’s drug spend. For extra data, please go to https://www.thirdwaverx.com/.
Lisa Baker, [email protected], (603) 868-1967 or
Megan Bowman, [email protected], (616) 780-1610
SOURCE WindRose Well being Traders, LLC