SOURCE: Psilos Group

Psilos Group

July 21, 2011 11:00 ET

Psilos Group's Lisa Suennen Named Recipient of Corporate Directors Forum Director of the Year Award

Suennen Honored for Her Work as a Director of PatientSafe Solutions™

SAN FRANCISCO, CA--(Marketwire - Jul 21, 2011) - Lisa M. Suennen, a founder and managing director of healthcare investment firm Psilos Group, will be become one of five recipients of the Director of the Year Award 2011 given by Corporate Directors Forum, a non-profit organization that promotes high standards of professionalism in corporate governance. The awards will be presented on September 14 in San Diego, California.

Suennen will be honored for her work as a member of the board of directors of La Jolla-based PatientSafe Solutions, a Psilos-backed company. PatientSafe was named as one of the top 50 venture capital-backed companies this year by The Wall Street Journal, ranking No. 18. PatientSafe Solutions is driving transformation of health care delivery by offering highly-intuitive handheld technologies that allow mobile access to information and significantly advance hospitals' safety, quality, productivity, and care coordination initiatives. The company's PatientTouch™ System operates on the Apple iPod touch®. The pocket-sized device delivers real-time patient information to the caregiver anywhere in the hospital, enabling care teams to efficiently communicate, coordinate, and deliver quality care while reducing the potential for clinical errors.

Suennen was honored in the category of "Companies in Transition," which is awarded to a director who has contributed to managing a company's transition through early startup growth, including mergers, acquisitions or other changes, to a positive conclusion.

"This award is well-deserved recognition for Lisa's contributions to the company we are today," said James Sweeney, chairman and CEO of PatientSafe Solutions. "I have founded nine healthcare products and services companies during my career, and Lisa has been one of the most valuable directors with whom I have ever worked," Sweeney added.

Ms. Suennen is a co-founder of Psilos and has headed their West coast office since its founding in 1998 and focuses on the medical device, healthcare information technology and healthcare services sectors. In addition to serving on the board of PatientSafe, she is chairman of the board of AngioScore and Veralight and a director on the board of OmniGuide. She is also author of the popular blog Venture Valkyrie http://www.venturevalkyrie.com/.

The four additional recipients of the Director of the Year Award 2011 are Gary Pace, co-founder of ZRxPharma and director of ResMed Inc.; Darlene Shiley, director of the University of San Diego Board of Trustees; Jay Flatley, president and CEO of Illumnia Inc.; and Alexis Lukianov, chairman and CEO of NuVasive.

About Corporate Directors Forum

Corporate Directors Forum, based in La Jolla, Calif., is a nonprofit organization (501C-6) founded in 1991 to promote high standards of professionalism in corporate governance. The Forum has sponsored the award program since 1991. For more information, visit www.directorsforum.com.

About Psilos Group

Psilos Group is a healthcare investment firm focused on companies that deliver value in the healthcare economy. The firm believes that successful healthcare innovations must reduce cost, improve quality and align incentives across payers, providers and patients. Founded in 1998, Psilos has $580 million under management and has invested in 38 companies across three markets -- healthcare services, healthcare IT and medical devices. Marquee portfolio companies include ActiveHealth, PatientSafe Solutions; AngioScore, Click4Care, Definity Health, ExtendHealth, Mauna Kea Technologies, OmniGuide, SeeChange Health and VeraLight. For more information, visit www.psilos.com.

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