• Stable reimbursement environment
• Compelling value proposition to patients, physicians and payors
• Truly differentiated company excelling in a fragmented niche
• Moderate Medicare and Medicaid exposure and single payor concentration
• Regulatory and compliance integrity - compliance before growth mentality

Industry Description
U.S. healthcare is a highly fragmented, $2.3 trillion industry comprised of approximately 580,000 businesses.

Value Proposition
Experts agree that the U.S. healthcare system contains many inefficiencies, excessive administrative expenses, inflated prices, and in certain cases, inappropriate care, waste, and abuse. The private sector regularly discovers new and entrepreneurial ways to improve healthcare's efficiency and delivery. Excellere seeks entrepreneurial healthcare companies with differentiated strategies that provide constituents with outstanding value propositions and improve the quality and value of healthcare for patients they serve.

Growth Characteristics
Total U.S. healthcare expenditures are projected to grow twice as fast as inflation through 2018. Many factors contribute to the projection, including continued population growth, the "graying" population, increasing obesity and overall poor lifestyles, and increased need for highly specialized pharmaceutical products.

Segments of Interest
Specialty hospitals and ambulatory surgery centers, urgent care centers, specialty pharmaceutical distributors, and managed care companies.

INDUSTRIES QUICK LINKS
Healthcare
Life Sciences
Business Services
Education and Training
Financial Services
Infrastructure / Energy Services

EXCELLERE PARTNERS

100 Fillmore Place, Suite 300 | Denver, CO 80206 | 303.765.2400 | 303.765.2411 Fax