Water Street Healthcare Partners has named Paul Cottey as the firm’s chief information officer. Mr. Cottey will be part of Water Street’s Corporate Resources Group, which is comprised of specialists who work with the firm’s portfolio companies to execute strategies that support their growth objectives.
Mr. Cottey has nearly 30 years of information technology experience. Most recently he was the Executive Vice President and Chief Information Officer for PatientMatters, a revenue cycle management company based in Orlando. Prior to PatientMatters he was with Los Angeles-based private equity firm The Gores Group from November 2011 to May 2013 as Vice President of IT and Systems. Perfecting and extending his match with Water Street, Mr. Cottey also served as the chief information officer of Accretive Health, a revenue cycle management and physician advisory company, from October 2006 to November 2011. Prior to Accretive Health he had an 18-year career with Accenture where he provided IT consulting services to numerous corporations.
Mr. Cottey’s responsibilities will include working directly with the firm’s portfolio companies to maximize their IT strategies and infrastructure. “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.” The Corporate Resources Group also offers expertise in corporate communications, corporate development, information technology and talent management.
Water Street invests from $50 million to $500 million in companies that are active in four health care sectors: medical and diagnostic products and devices, specialty distribution, outsourced health care services, and specialty pharmaceutical products and services. The firm has particular expertise in corporate divestitures from healthcare companies. Water Street, founded in 2005, has more than $1 billion of capital under management and is based in Chicago (www.waterstreet.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-16-15