INVESTMENT IN CORINDUS, INC.
March 19, 2008 — 20/20 HealthCare Partners LLC (Auburndale, MA) is pleased to announce that its portfolio company, Corindus, Inc., closed a B Round investment taken solely by a New York based hedge fund / private equity fund specializing in the health care industry. Corindus will use the financing to enhance its management structure, complete product development and obtain regulatory approvals in the US and Europe.
The initial funding round led by 20/20 HealthCare Partners in September 2005 enabled Corindus to progress from an early stage company through development of a sophisticated, fully functional robotic catheterization system for the CathLab.
About 20/20 HealthCare Partners LLC
20/20 HealthCare Partners LLC provides equity financing for promising growth businesses as well as for buyouts or recapitalizations of established companies specializing in the Medical Technology industry.
20/20 HealthCare Partners works with management to streamline product development, regulatory approval and market penetration. Their group of industry experienced professionals is able to introduce portfolio companies to strategic partnerships. Their relationships help expedite the product development cycle and shorten the time to market – and increase company value.
20/20HCP provides portfolio companies with tools such as active support in strategic vision, development of distribution channels, an impressive network of industry contacts, and years of industry expertise to achieve maximized growth and value leading to a potential realization.