WindRose Health Investors LLC, a New York-based healthcare private equity firm, has invested in Third Wave Recovery Systems LLC, a provider of rebate administration services for hospitals, long-term care facilities, and physician groups.
WindRose’s investment aims to support the company’s future growth in the rebate administration marketplace. Eric Moskow, co-founder of TWRx, will continue to lead the company as its chairman.
“TWRx’s mission has always been to establish strong industry relationships to understand what’s really affecting outcomes and cost in the market,” says Moskow. “As we meticulously considered our long-term strategic options, we determined that SRX and TWRx were a natural fit. WindRose’s investment validates our belief in the impact of the TWRx platform, and we are excited to have them as a partner going forward.”
McDermott Will & Emery LLP acted as legal advisor to WindRose and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo P.C. acted as legal advisor to Third Wave.