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ARBORETUM VENTURES NEWS
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HealthMedia Acquired by Johnson & Johnson
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HealthMedia, an Arboretum Ventures portfolio
company, was acquired by Johnson & Johnson
(NYSE:JNJ) on October 27, 2008. HealthMedia is a
behavioral science company that builds and delivers
tailored behavior change interventions in the areas of
wellness, disease management, behavioral health,
and medication adherence. Based in Ann Arbor,
Michigan, HealthMedia currently has 140 employees,
and is expected to grow significantly given JNJ's
announced plans for its new wellness and prevention
platform. While terms of the acquisition were not
disclosed, the investment produced outstanding
returns for Arboretum's investors. In November,
Arboretum received, along with HealthMedia's other
major investors, the Michigan Venture Capital
Association award for "Exit of the Year".
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New Financings for Arboretum Companies
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Several Arboretum Ventures portfolio companies
successfully closed on additional rounds of funding in
the summer and fall of 2008, including:
Accuri Cytometers, Inc. (Ann Arbor, MI) closed
on a $13 million Series C funding, led by Flagship
Ventures and Fidelity Biosciences.
Advanced ICU Care, Inc. (St. Louis, MO)
closed on a $5 million Series B financing, led by
Versant Ventures.
HandyLab, Inc. (Ann Arbor, MI) closed on a
$19 million Series D financing, led by an undisclosed
strategic investor.
BAROnova, Inc. (Goleta, CA) closed on a $7.5
million Series B financing, led by strategic investor
Allergan (NYSE: AGN).
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Arboretum Adds New Investment Analyst
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Arboretum is pleased to announce the addition of our
newest investment professional, Rob Cesaro, who
joined us in September. Prior to joining Arboretum,
Rob was an Investment Banking Analyst in the
Healthcare Group at Deutsche Bank Securities. A
native of Rhode Island, Rob has a Bachelors of
Business Administration from the Ross School of
Business at the University of Michigan.
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