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Foundation Medical Partners Welcomes Morgenthaler’s Laufik as Partner and CFO

Posted on: March 20, 2013 by asormaniNo Comments »

Foundation Medical Partners has appointed Ted Laufik as a partner and CFO. Laufik joins Foundation’s team to manage investments in the connected health and healthcare IT sectors. Most recently, he served as partner and CFO at venture capital and private equity firm Morgenthaler.

Foundation Medical Adds Former Amgen CEO Kevin Sharer

Posted on: March 4, 2013 by Mark BosletNo Comments »

Foundation Medical Partners said Kevin Sharer has joined the firm as a partner. Sharer was most recently chairman and CEO of Amgen, serving as Amgen CEO from 2000 to 2012 and chairman since 2001.

Boston Scientific to Acquire BridgePoint Medical

Posted on: September 20, 2012 by asormaniNo Comments »

Boston Scientific Corporation is to acquire BridgePoint Medical. Minneapolis, Minnesota-based BridgePoint Medical was established in 2007 to develop and commercialize new technologies to treat challenging coronary artery disease. Investors include New Enterprise Associates, Polaris Venture Partners, Foundation Medical Partners and Michael Berman.

Histogenics Buys ProChon Biotech

Posted on: May 18, 2011 by Luisa BeltranNo Comments »

Boston Equity Advisors said Wednesday that they advised on Histogenics buy of ProChon Biotech. Financial terms were not announced. Histogenics, of Waltham, Mass., develops products to regenerate healthy cartilage. Investors includes Boston Millennia Partners, Foundation Medical Partners, Altima Partners, Inflection Point Partners and a private investor. ProChon is an Israeli biotech that develops tissue-regeneration technology.

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Explorys Inks $11.5M Series C

Posted on: May 11, 2011 by cnolan1 Comment »

Cleveland-based Explorys has closed on $11.5 million in Series C financing led by Austin Ventures and Foundation Medical Partners, with follow-on investments from Santé Ventures and Cleveland Clinic. Formed in 2009, the company’s integrated healthcare systems are aimed at improving care, costs, and outcomes by leveraging clinical data at scale.

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BridgePoint Medical Closes on $9.1M

Posted on: March 14, 2011 by cnolanNo Comments »

BridgePoint Medical Inc., a developer of medical technology for coronary disease, has closed on $9.1 million. An unnamed strategic investor led the round, which included participation from existing shareholders including New Enterprise Associates, Polaris Venture Partners and Foundation Medical Partners. The Series C round will help the company bolster sales and marketing of its technology.

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From the Filings…

Posted on: February 15, 2011 by cnolan1 Comment »

(Recent funding news based on Form D filings with the S.E.C.) E-commerce platform provider Rearden Commerce has raised $46.98 million in a new round of financing, according to a filing with the S.E.C. Rearden previously raised roughly $200 million from venture investors including Foundation Capital, Oak Investment Partners, Empire Capital Partners, American Express and Chase [...]

Foundation Medical Raising $150 Million For Device Companies

Posted on: December 2, 2009 by Erin Griffith1 Comment »

Foundation Medical Partners is in the market raising $150 million to invest in medical device companies, according to a source familiar with the situation. The vehicle, Foundation Medical Partners 3, has closed on $63 million since its launch in 2008, according to a regulatory filing. Five million of that is the GP contribution. The Rowayton, [...]

VCs Duel On Healthcare Reform

Posted on: November 13, 2009 by Deborah Gage1 Comment »

Here’s Harry Rein from Foundation Medical Partners telling Maria Bartiromo on CNBC today how innovation in the new healthcare reform bills has “hit the cutting room floor.”

“They’re focused on access and reductions in cost…(but) you don’t get to lower costs without innovation. It IS the solution,” Rein said.

Al Waxman of the Psilos Group has a very different view. Healthcare innovation does not always lower costs, he found — sometimes it makes costs go up. Waxman discovered this first-hand in the 1970s, when he invented an ultrasound device that he thought would lower healthcare costs by eliminating unnecessary surgeries. But it didn’t. It raised costs because doctors used the device to do unnecessary procedures to lower their chances of getting sued.

Fundraising Updates: Centerbridge, Domain, Insight Equity & More…

Posted on: June 22, 2009 by Erin Griffith2 Comments »

Culled from regulatory filings, here are some recent private equity and venture fundraising updates.

Centerbridge Partners, the secretive buyout firm that joined some of the largest firms in their buyout of BankUnited, has raised $467.1 million for a fund called Centerbridge Special Credit Partners LP. Based in New York City, the firm is run by Jeffrey Aronson and Mark Gallogly. The firm’s first buyout fund, called Centerbridge Partners LP, closed in 2006 with an undisclosed size. The firm’s latest special credit fund has 37 investors and is using Park Hill as a placement agent. The target is not disclosed.

Domain Associates, a venture firm based in Princeton, N. J., has raised $371 million toward an indefinite target for its eighth fund, Domain Partners VIII LP. The firm invests in emerging life sciences companies. http://www.domainvc.com/

Pathway Capital Management, a private equity fund of funds based in Irving, Calif., has raised $290 million from 12 investors for its 2008 fund, which has a $500 million target. The fund, called Pathway Private Equity Fund 2008 LP, commits to funds that have an average size of $300 million. http://www.pathwaycapital.com/