Water Street Healthcare Partners acquires pharmaceutical development business from AAIPharma
Thu. July 16, 2009; Posted: 03:05 PM
Jul 16, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
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PowerRating -- Private equity firm Water Street Healthcare Partners, LLC has acquired the pharmaceutical development division from AAIPharma, Inc., a provider of pharmaceutical outsourcing solutions. Water Street has committed up to $75 million in equity financing to expand the business' capabilities. Both the partners are based in the US.
Following the transaction, the acquired division would operate as AAIPharma Services Corp.
Deal Value (US$ Million) 75
Deal Type Private Equity
Sub-Category None
Deal Status Completed: 2009-07-16
Deal Participants
Target (Company) AAIPharma, Inc. - Pharmaceutical Development Division
Vendor (Company) AAIPharma, Inc. (Formerly Applied Analytical Industries, Inc.)
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