Fountainhead Venture Group

Fountainhead Venture Group is a Philadelphia-based investment partnership that makes early- to mid-stage venture capital investments at the intersection of health care, life sciences, and information technology. We look for companies providing technology-based products and services or technology-enabled new business models to health care payers and providers or to the pharmaceutical and life sciences industries.

Fountainhead was founded by Tom Olenzak, John Braca, and Frank Lexa, all experienced health care venture capitalists. Tom founded and ran the First Ventures Healthcare and Life Sciences Investment Fund, LLC, a corporate venture fund formed by First Consulting Group, Inc. (Nasdaq: FCGI) to invest in emerging health care and life sciences technology companies. John was most recently a General Partner of S.R. One, the venture capital arm of GlaxoSmithKline, and was a partner and founder of EuclidSR investments. Frank is a practicing physician and a professor with both the School of Medicine and the Wharton School at the University of Pennsylvania, and was a partner with Philadelphia Ventures.

Investment areas of specific interest to Fountainhead include:

• health care infrastructure, image management, and communications
• consumerism and consumer directed healthcare
• health care payer services and financial systems and products
• regulatory, cost, and quality-driven products and services
• wellness and preventive and predictive medicine.

We look for companies that have a:

• complete or substantially-complete product with a defensible competitive position;
• developed and sustainable revenue model;
• significant and demonstrable return on investment for customers;
• large enough addressable market to create significant investment returns; and
• strong and experienced management team.

Fountainhead brings deep domain expertise and strong financial and operating experience to its investments. The Fountainhead managers understand how to identify those health care technology companies that have the potential to achieve significant scale; they help those companies grow in the competitive, changing, and regulated health care environment; and work with their managers to create meaningful value-creating liquidity events.

For direct inquiries or to submit a business plan contact:

Fountainhead Venture Group Management, L.P.

Telephone: (610) 415-1240

Fax: (610) 983-9376

Tom Olenzak Managing Director tolenzak@fountainheadventure.com

John Braca Managing Director jbraca@fountainheadventure.com

Frank Lexa

Managing Director

flexa@fountainheadventure.com