Water Street Healthcare Partners and JLL Partners have agreed to acquire Dohmen Life Science Services from its parent, The Dohmen Company. This transaction is expected to close by the end of March 2018.
Dohmen Life Science Services (DLSS) provides biopharma and medical device companies with a range of outsourced services in the areas of patient support, supply chain, compliance, finance and technology. DLSS was founded in 2014 and is headquartered in Milwaukee (www.dlss.com).
DLSS will be merged with Water Street’s commercialization services platform that specializes in market access services. This platform was formed in December 2017 when The Access Group, a portfolio company of Water Street since October 2016, acquired Alliance Life Sciences and Health Strategies Group. According to Water Street, with the addition of DLSS, the platform will become the leading independent provider of commercialization services to life sciences companies. It will serve more than 300 pharmaceutical, biotech and medical device companies with a portfolio of services that simplify commercialization, optimize market access and build share for new and existing therapies.
“We are excited to bring together these premium capabilities to continue building a robust, go-to-market services platform for the life sciences industry that is uniquely qualified to ensure client success, particularly for highly specialized patient populations,” said Pete Strothman, a partner at Water Street.
“Our global platform is ideally positioned to support the life sciences industry as it continues to develop targeted therapies,” said Dan Agroskin, a partner at JLL. “We are pleased to partner with Water Street to invest our combined expertise and resources to optimize the impact of these important new products through organic initiatives and targeted acquisitions.”
Water Street invests in companies that are active in four healthcare sectors: medical and diagnostic products; 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 was founded in 2005 and is based in Chicago (www.waterstreet.com).
JLL Partners invests in companies across a range of manufacturing and service industries. Sectors of specific interest include healthcare, financial services, building products, business services, aerospace and defense. Since its founding in 1988, the firm has invested approximately $4.7 billion across seven funds. JLL Partners is based in New York (www.jllpartners.com).
© 2018 Private Equity Professional | February 21, 2018
