Alliance Healthcare Fund Welcomes Bob Caretta as Advisor

  Alliance Healthcare Fund Welcomes Bob Caretta as Advisor

Business Wire

PHOENIX -- November 12, 2012

Alliance Healthcare Fund, an angel investment fund focused on challenging the
way healthcare works, today announces that Bob Caretta joins the fund as an
advisor. A healthcare industry veteran, Caretta is vice president of St.
Barnabas Health Care System and executive director of Livingston Health
Services. He is a pioneer in changing how hospitals manage their supply chain
to better control resources and cut wastefulness to improve care delivery.

“We’re very pleased to have Bob join our team as an advisor because he’s one
of the most notable leaders in healthcare contracting who understands what is
needed in order to drive change in how care is delivered. Our executive team
and our investment companies will benefit from his extensive healthcare
knowledge and experience,” said Joe Mayernik, partner in Alliance Healthcare
Fund.

Alliance Healthcare Fund was formed by pioneering healthcare entrepreneurs
whose footprint on the healthcare industry is substantial. The fund targets
emerging, high-growth healthcare companies that are developing innovative
technologies and services to help providers deliver enhanced efficiency,
improved outcomes and lower cost care by challenging the status quo. The
fund’s first investment was in PrivIT Healthcare Inc., a Canada-based
healthcare software company that focuses on capturing patient data
electronically in an effort to minimize paperwork during patient assessments.
The fund’s operating strategy is about concentration and hands-on management
guidance.

“Our industry is in need of disruptive, entrepreneurial business models that
will change how care is delivered to lower the cost while improving patient
care quality. The key to doing that successfully is combining financing with
strong leadership. Alliance Healthcare Fund does just that,” said Caretta. “By
providing hands-on support from an experienced and proven executive team,
Alliance Healthcare Fund will give an edge to start-up companies who receive
its support, and I’m honored to be a part of that effort.”

About Alliance Healthcare Fund
Alliance Healthcare Fund focuses its investments on innovative, high-growth
companies that are already making waves in the healthcare delivery-improvement
space. The fund is unique in that it combines financial support with hands-on
partnership. The fund only makes investments in companies that will allow fund
partners to have a strong leadership presence in the organization. To learn
more, visit alliancehcpartners.com.

Contact:

LaBreche for Alliance Healthcare Fund
Sara Payne, 612-392-7602
spayne@labreche.com