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Former Immucor CEO to aim on diagnostic and everyday living sciences investment decision prospects
CHICAGO, Sept. 20, 2023 /PRNewswire/ — Drinking water Avenue Health care Partners, an trader committed to creating market leaders in health and fitness treatment, currently announced the appointment of Avi Pelossof to its workforce of senior expense professionals and health treatment executives. With more than two a long time of sector working experience, most recently as president and CEO of Immucor, Mr. Pelossof will do the job with Drinking water Street’s workforce on opportunities to devote in and increase diagnostics and existence sciences corporations.
“Creating businesses that focus in diagnostic tools and systems is my enthusiasm. They engage in a essential job in increasing patients’ lives as a result of their continual innovation in diagnosing and monitoring intricate ailments. I am enthusiastic to advance this vital operate with H2o Street. We are hunting for chances to lead our understanding and working experience to commit in wellbeing care companies and speed up their goals for advancement,” said Mr. Pelossof.
Mr. Pelossof has built various businesses through his 20+ years as an govt in the world wide diagnostics sector. Highlights contain:
- spearheading Immucor’s turnaround to elevate its situation in the transfusion and transplant in vitro diagnostics markets and aid its effective sale to Werfen
- setting up and building Alere’s infectious disease enterprise device (now aspect of Abbott) from inception into a $750+ million business presenting a comprehensive position-of-treatment diagnostics portfolio
- top the growth and commercialization of the industry’s first CLIA-waived level-of-care molecular test although serving as a international president with Alere
Scott Garrett, functioning husband or wife, Drinking water Road, added: “I served on the board even though Avi was CEO at Immucor, and he proved to be one of the most able operators I have ever worked with. He knows the diagnostics marketplace within and out. I’m wanting ahead to doing work with Avi to source possibilities to commit in scientific diagnostics companies and obtain our target of developing them into sector leaders.”
Water Street is actively pursuing options to invest in and improve companies in 3 critical wellness care sectors: overall health treatment solutions, clinical products and diagnostics, and pharmaceuticals and life sciences. The health care firm’s focus on investments assortment in dimension from $50 million to $500 million in price.
About H2o Street
Water Road Health care Associates is an trader devoted to setting up market place leaders in wellness care. The organization has concluded extra than 150 investments and acquisitions to create 40+ organizations that are contributing to improved client treatment, innovation, and a a lot more productive health care method. Doing the job intently with founders and management groups, Water Road aligns its deep sector knowledge and network of methods to support businesses’ progress goals. Centered in Chicago,
