Water Street Invests in MedSpeed
Elmhurst, Ill. – Water Street Healthcare Partners announced today that it has partnered with MedSpeed, a leading provider of same-day logistics services to the health care industry. 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 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