Investing in Innovation, Building Healthcare Technology Companies
Foundation Medical Partners is a leading national, independent, healthcare
venture capital investment firm. Foundation was formed in 2001 with the
vision of bringing together cutting edge healthcare expertise with deep
company-building experience. Foundation specializes in early stage
investments in the medical device, healthcare IT, and connected health
sectors. Foundation is an active venture investor, providing leadership,
support, and strategic resources at every stage in a companyís
Proven Success, Top Tier Performance
Foundation Medical Partners was an early, active venture investor in many
companies that subsequently went public or were acquired in strategic
transactions, such as AtriCure (NASDAQ: ATRC), CardioNet (NASDAQ: BEAT),
Combinatorx (NASDAQ: ZLCS), Immunicon (NASDAQ: IMMC, later acquired by
Johnson & Johnson), Northstar Neuroscience (NASDAQ: NSTR, later acquired
by St. Jude Medical), and Visiogen (acquired by Abbott), as well as a
portfolio of other market-leading privately held firms. Foundation
actively manages over $200 million in venture capital, with a market
capitalization of its healthcare investments totaling over $2 billion.
Wide Network, Unparalleled Strategic Resources
Foundation Medical Partners draws on a wide network of specialized
resources within the healthcare industry and academic medical environment.
Contributing to Foundationís clinical expertise is its unique strategic
limited partnership affiliation with Cleveland Clinic. This partnership is
a powerful asset for Foundation and its portfolio companies.
Foundationís special relationship with Cleveland Clinic allows the firm
and its portfolio companies to directly access and work closely with
physicians, surgeons, and scientists throughout Cleveland Clinic. The
enormous intellectual and experiential capacity made available to
Foundation and its portfolio companies through this relationship is
unparalleled in healthcare venture capital. Foundation leverages this to
full advantage in deal sourcing and due diligence, as well as in key
company building activities, such as scientific advisory board support,
development partnerships, beta site testing, clinical trial leadership, or
key reference customer development.
Medicine, World-Class Partner
Foundation Medical Partnersí strategic limited partner,
is one of the most widely recognized and innovative medical centers in the
world. Cleveland Clinic is a private, non-profit group practice that
includes a 954-bed hospital, outpatient services, a research institute,
and an education foundation. As a world-class academic medical center that
is a designated national referral center and international health
resource, Cleveland Clinic provides the full range of medical services.
Cleveland Clinic was ranked in 2011 as one of the top five best hospitals
in the United States by U.S. News & World Report's guide to America's Best
Hospitals. The Cleveland Clinic Heart Center continues its reign as the
best medical center for cardiac care, having received this number one
ranking in the guide every year since 1994. In addition, ten of its
specialties were listed among the Top 10 in the United States and all of
the Clinicís specialties placed in the nationís top 25.
Foundation Medical Partners enjoys all of the benefits of this strategic
partnership with Cleveland Clinic, the firm maintains complete
independence from the structural and governance perspectives and operates
with the traditional independent venture capital model.