Avista Healthcare Partners completed the acquisition of Trillium Health Care from New Water Capital.

Avista Healthcare Partners, a private equity firm that focuses on growth capital and leveraged buyout investments in middle-market companies in the healthcare sector, completed the acquisition of Trillium Health Care, a contract development and manufacturing organization, from New Water Capital, a private equity firm. Financial terms were not disclosed. "Our acquisition of Trillium represents another exciting investment for Avista in the attractive consumer healthcare sector. Trillium is a best-in-class, full-service CDMO with an outstanding reputation in the industry. We had been tracking Trillium for a number of years prior to this acquisition, and are delighted to finally partner with Joe and the rest of the Trillium management team to help drive the next phase of the company's growth," Alex Yu, Avista Partner.