National Health Care Logistics Provider Partners
with Water Street to Expand Services
ELMHURST, Ill., Aug. 13,
2024 /PRNewswire/ -- MedSpeed, a leading
provider of same-day logistics services to the health care
industry, announced today that it has partnered with strategic
health care investor Water Street Healthcare Partners. Water Street
has committed significant capital and resources to enhance and
expand MedSpeed's services that optimize the delivery of critical
medical specimens, supplies and pharmaceuticals to the providers
and patients who need them.
Jake Crampton, founder and CEO,
MedSpeed, said: "We founded MedSpeed because we believed logistics
could be leveraged as a tool to improve health care. Our team has
developed logistics solutions that are helping our customers
increase efficiency and deliver care to patients. We are committed
to supporting our customers in fulfilling their missions and are
honored by the trust they place in us. Partnering with Water Street
is the next powerful step in advancing our vision of making an even
greater impact on health care."
Founded in 1999, MedSpeed has grown from a startup to a national
provider serving some of the country's largest and most complex
health systems, laboratories and other health care providers. With
a network of 100+ hubs in more than 30 states, the company designs
and operates sophisticated logistics networks that transport lab
specimens, medical supplies, pharmaceuticals and other products to
points of care across the health care ecosystem. Known for its deep
commitment to delivering exceptional service, MedSpeed has
consistently achieved a quality rating that is substantially higher
than the industry average.
"MedSpeed stands out for its strength in transforming logistics
to serve as an asset that helps health care organizations maximize
their efficiency, reduce costs and support clinical effectiveness.
We are excited to work with MedSpeed's team on our shared goals for
bringing the company's differentiated offering to new customers,
expanding its services, and extending its capabilities into new
markets and areas of health care," said Rob
Womsley, managing partner, Water Street.
About Water Street Healthcare Partners
Water Street is
a strategic investor dedicated to building market-leading
businesses in three critical health care sectors: medical products
and diagnostics, pharmaceutical and life sciences, and health care
services. The firm has completed more than 165 investments and
acquisitions to build 45+ companies contributing to improved
patient care, innovation and a more efficient health care system.
Working closely with leadership teams, Water Street contributes its
industry experience and network of resources to support businesses'
growth objectives. Based in Chicago, Water Street's team is a distinctive
blend of highly experienced health care executives, investment
professionals and functional specialists. For more information,
visit waterstreet.com.
About MedSpeed
MedSpeed integrates health care
organizations through the enterprise-wide movement of medical
materials: specimens, pharmaceuticals, supplies and more. It
transforms transportation into a strategic asset that more
effectively utilizes scale, reduces risk, eliminates redundancies
and centralizes services. The company has grown from a Chicago-based startup into a national
enterprise with over 100 hub operations across more than 30 states.
Its client base includes 29 of the top 100 health systems in the
country. http://www.medspeed.com
For more information, contact:
Alison Huffines
Vice President of Marketing
media@medspeed.com
630.379.5388
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SOURCE MedSpeed