“When we divested one of our healthcare businesses to Water Street, I was struck by their unique business approach. They were very knowledgeable, professional and more importantly, committed to doing the right thing for our employees, partners and customers. Because I was so impressed with their team and how they managed the transaction, I ultimately decided to join Water Street when I retired from Johnson & Johnson.

Johnson & Johnson collaborated with the Water Street team to divest its Jelco I.V. Catheter business in 2003. We simultaneously merged it with another company to create the market leader in fluid and drug delivery in critical care.