Water Street Healthcare Partners has acquired Pillr Health from Renovus Capital Partners, according to a news release.
Pillr, founded in 2003 and based in Boca Raton, Florida, is a provider of software and tech-enabled pharmacy solutions.
Water Street, founded in 2005 and based in Chicago, is a private equity firm focused exclusively on healthcare. Within the industry, Water Street targets investments in healthcare services, medical products and diagnostics, and pharmaceutical and life sciences.
Renovus, based in Philadelphia, is a lower middle market private equity firm that invests in a few sectors, including healthcare services. Founded in 2010, the firm invests across a range of healthcare companies, including those in life sciences commercialization, IT, revenue cycle management and behavioral health.
Terms of the transaction were not disclosed.
