International law firm McDermott Will & Emery represented WindRose Health Investors, LLC, a New York-based healthcare private equity firm, in its investment in Third Wave Recovery Systems, LLC (TWRx), a provider of rebate administration services for hospitals, long-term care facilities and select specialty physician groups. WindRose’s investment will support TWRx’s strong momentum in the rebate administration marketplace and will continue TWRX’s rapid growth trajectory.
- The transaction was announced on September 16, 2022.
- In conjunction with WindRose’s investment, TWRx acquired SRX, LLC (SRX), a leader in pharmaceutical rebate management services for the skilled nursing and LTC industry.
- The McDermott deal team was led by Krist Werling and included Jarrett Szczesny, Bernardo Vaz, Sarah Bro, Brian Gordon, Jeffrey Holdvogt, Michelle Strowhiro, Alex Ruiz, Patrick Zanayed, Ty Carson, Maxwell Preston, Adam Byrne, Cristell Fortune, Jayda Greco and Cristina Sanchez. Ira Coleman is the relationship partner for Windrose.
- Read Windrose’s press release here.
McDermott’s private equity practice is among the top four most active PE law firms globally and in the US with more than 160 dedicated private equity lawyers in 21 locations globally. In addition to being Pitchbook’s top Healthcare PE firm for a fifth consecutive year and fifth in both IT and financial services private equity, we are named Energy & Industrials Law Firm of the Year (Large Cap) by The Deal, Top 10 in PE Buyouts by MergerMarket and Top 10 in US Mid-Market by Bloomberg. Learn more about our PE practice by visiting pe.mwe.com.
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