Healthcare investment fund founded:
This article was originally published in Clinica
Henry Wendt, the retired SmithKline Beecham chairman who piloted its 1989 merger, is one of a line-up of healthcare managers who have set up the Finisterre fund, a private equity investment fund working exclusively in the healthcare products industry. Finisterre intends to acquire "foundation" companies and then to build each of them through strategic acquisition of related companies and products. By "foundation" company the group means one with at least $50 million in revenue, with operating profits and products essential to patient health. The fund says it can make large acquisitions of up to $1,000 million.