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Foundation Medical taps fellow venture firms for two new general partners

25 Oct 2013

Bill Geary Foundation MedicalHealthcare technology-focused private equity firm Foundation Medical Partners has brought in two new general partners and a trio of executive partners as it looks to raise its fourth fund.

Bill Geary, pictured, who was previously a general partner at North Bridge Venture Partners, and ex-Flybridge Capital GP Michael Greeley have been appointed to general partner roles at the firm.

They are joined by new executive partners Kevin Share, the ex-CEO of Amgen, D2Hawkeye founder Chris Kryder and former LabCorp CEO Tom MacMahon.

Foundation general partner Lee Wrubel said, “Healthcare is undergoing a transformational change as shifting business models and technology are causing tremendous upheaval.

“There is a massive opportunity for venture-backed technology solutions to take charge of this industry, solve real healthcare business problems, and generate superior investment returns.

“Bill and Michael bring the skills and experience in technology, business and healthcare to help our portfolio companies lead the convergence of healthcare and technology.”

Foundation, which manages about $200m of capital, is currently back in the market for an unspecified amount for its latest vehicle, AltAssets revealed last week.

The firm’s previous fund was launched with a $150m target in mid-2009.

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