Melville, NY – December 27, 2016 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization devoted to promoting the growth of the next generation of successful local companies, today announced the successful completion of its Healthcare Capital Forum held December 9, 2016. The capital forum featured presentations by 6 companies which have connections to the Long Island region and are building business around innovative healthcare technologies and services.
At the capital forum, the companies presented to an audience that included venture capital firms, investment banks, private equity firms, and angel and high net worth investors. Each of the companies selected by LICA for presentation at the capital forum possesses unique technologies to enhance clinical outcomes or improve healthcare processes, with strong catalysts for growth. A panel of investment professionals was on hand to review the presentations, offer their insights on the presenters’ commercial viability and prospects for market success and provide expert commentary on investment conditions in the broader healthcare sector. The investor panel, led by LICA Board of Directors member Michael Lane, discussed the healthcare industry, investment climate, and gave strong advice to help entrepreneurs raise capital.
“We are very pleased that some of Long Island’s most promising and innovative healthcare companies are utilizing LICA’s Capital Forums as a means to increase their exposure to the greater New York area funding community, enhance their development and accelerate their growth,” said Neil M. Kaufman, Chairman of LICA. “Our Healthcare Capital Forum was a success in promoting leading local companies at the intersection of medical advancements and technology solutions, both key drivers of Long Island’s future economy.”
“The Docket™ Team is very appreciative for all the support and guidance we have received from the Long Island Capital Alliance (LICA),” commented Michael Perretta, Founder & CEO of presenting company Docket Inc. “December's LICA Healthcare Forum was a fantastic experience. And, we look forward to cultivating the relationships we've forged as a result of the conference. Together with LICA, we are confident in our abilities to disrupt our niche within the healthcare space.”
Bruce Lieberthal, Chief Innovation Officer of Henry Schein, Inc. and a Forum panelist, noted that the Healthcare Capital Forum was a “great event [and he] felt very humbled by [the] co-panelists.”
“This was my first time in presenting Dr. Leonardo to a group of potential investors,” said John J. Pellman, President & Chief Executive Officer of presenting company Dr. Leonardo Interactive Webservices. “In doing so, I learned a great deal about what piques an investor’s interest in a company and how they might value a return on an investment. I thank LICA for the opportunity to present.”
“We received some good tips and feedback from the panelists. It was interesting and helpful to have feedback from experts in the field,” said Ken Greenberg, President & Co-Founder of presenting company Patient Innovations.
Healthcare Capital Forum Presenting Companies
The following companies presented their business plans:
Bergen Medical Products: Progressive medical device company focusing on improving clinical outcomes and innovative wound closure products.
Docket: Enables healthcare professionals to efficiently capture a comprehensive picture of patients' health risk information, medical histories, and other clinically-relevant data.
Dr. Leonardo: Software as a service (SaaS) company that has developed a website builder and related content for healthcare providers and practices.
MedFlyt: A web-based SaaS platform for home health agencies to better staff visits with real-time push notification and a mobile app for caregivers.
Patient Innovations: The developer of OnTime Care® and OnTime Discharge™ software to eliminate waiting in doctors' offices and hospitals.
Tangen: Technique to revolutionize the diagnosis of sepsis.
Healthcare Capital Forum Panel of Investors:
The following investment professionals participate in the investor panel at the Healthcare Capital Forum:
Bruce Lieberthal, Chief Innovation Officer, Henry Schein, Inc.: Bruce serves as the Chief Innovation Officer for Henry Schein, Inc. (Nasdaq: HSIC). Henry Schein is a Fortune 500 Company and a member of the S&P 500 and NASDAQ 100 indices. It is the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company is a Fortune World’s Most Admired company. Previously, he was the Vice President, Emerging Technologies for Henry Schein. Bruce manages, and has P&L responsibility for Henry Schein Medical Systems and the DDX business. He led the ConnectDental team for 2 years and works closely with the Corporate Business Development Group, the Global Prosthetics Solutions team and Henry Schein Practice Solutions, advising them on technology opportunities. He started as the Director of Product Management to the leadership team in Utah when Discus Dental Software was acquired by HSI in May 2007 and was promoted, in 2008, to Vice President of Product Management and Development, managing all of HSPS’s software lines and development teams. Bruce was the founder of Direct Vision Software, the General Manager of Discus Dental Software and has been a leader in dental technology for 30 years. He practiced dentistry for 14 years between 1984 and 1997.
Daniel J. Broyles, FundWorks, LLC: Daniel Broyles has over 10 years of experience in project management, planning, and execution. Prior to establishing FundWorks, he managed construction of 13 buildings throughout NYC, including the National September 11 Memorial Museum. For up to 11 simultaneous contracts, in excess of $1 billion, he oversaw contract drafting, bidding, negotiation, and execution. Mr. Broyles also served as a senior executive of Epica Medical Innovations responsible for capital raises, intellectual property management, FDA regulatory affairs, and M&A due diligence; this tenure also included the invention, research & development, prosecution, and protection of IP. He began his career as an engineer and land surveyor for Haubenreich, Hess, and Shaw.
Mr. Broyles is also a member Andrew Carnegie Business Council, Architecture Construction Engineering Mentor Program, and the Automotive Society of Mechanical Engineers. He received his Bachelors of Mechanical Engineering in 2006 and his Masters of Mechanical Engineering in 2007 from The Cooper Union for the Advancement of Science and Art.
Russ Fein, Managing Director, Corporate Fuel: Mr. Fein is a Managing Director Corporate Fuel, a merchant bank overseeing $55 million in private equity funds. He has been on the boards of, and interim CEO for, a number of healthcare related businesses, beginning his career in in the Mergers and Acquisitions department of Jefferies & Company, Inc. where he worked on numerous complex transactions. He then spent a number of years in the merchant banking field where he negotiated acquisitions and investments both as principal and agent and often stepped in as CEO, COO and/or CFO of portfolio companies, leading growth strategies and building professional organizations around entrepreneurial businesses. He has had senior management roles at a number of small and large operating businesses, including a chain of martial art studios, an Internet incubator and as the Vice President, Worldwide Business Operations for Westcon Group, a $4 billion distributor of communications and technology equipment, where he also held the role of General Manager for a $300mm U.S. division.
Mr. Fein received his MBA from the University of Chicago Graduate School of Business and graduated from Union College with honors in Managerial Economics.
Save the Dates – Additional Upcoming Events from LICA:
- January 12, 2017: Entrepreneur Education & Mentoring Series – “The Best Financing Alternatives for Startups” & “Good Financial and Accounting Systems Translate Into Cash. Additional program information and details link:http://www.licapital.org/Entrepreneur-Education-&-Mentoring-Series
- March 10, 2017: Technology Capital Forum, Melville, NY, 8 AM Eastern
About Long Island Capital Alliance
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.
For more information on LICA and its next event, please contact LICA today or register online at www.licapital.org.
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Darrow Associates, Inc.