Presentation shared at the MedTech Connect event sponsored by Cambridge Consultants

1. MEDTECH CONNECT Ÿ MedTech Investment Landscape
2nd July 2015 Ÿ Singapore Ÿ The Propell Group
INVESTMENT
Asia HealthTech
@enquirepropell
#HealthTech

2. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
• Key investment themes taking shape
• Venture capital funding doubled again
• Growing number of technology and strategic investors
• M&A deal flow growing
• Strong IPO trend
• 10,000+ DH startups across the globe
Significant activity in global HealthTech funding

3. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Venture funding of HealthTech: Growth outpaces other healthcare sectors
Health Sector Funding Changes
Based on total funding from 2012 and 2013
2013 vs 2012 2014 vs 2013
All Sectors Health Tech Med DevicesBiotech
9%
61%
29%
127%
10%
29%
-17%
21%

4. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Venture funding of HealthTech: Key global trends
Top Trends of HealthTech Funding
2011 to 2014
Ranking 2011 2012 2013 2014
1
Healthcare Consumer
Engagement
Healthcare Consumer
Engagement
EHR & Clinical Workflow
Analytics & Big Data
Data aggregation & analysis to support a wide range of healthcare use
cases
2 Analytics & Big Data EHR & Clinical Workflow Analytics & Big Data
Healthcare Consumer Engagement
Consumer tools for the purchasing of healthcare services or health
insurance
3 Digital Dx
Personal Health Tools &
Tracking
Digital Medical Devices Digital Medical Devices
Software / hardware designed to treat a specific disease or condition
4 EHR & Clinical Workflow Care Coordination
Population Health
Management
Telemedicine
Delivery of healthcare services through virtual channels
5 Post-acute Solutions Wearables & Biosensing Wearables & Biosensing
Personal Medicine
Software to support the practice of medicine customised to an individual’s
genetics
6 Hospital Administration Telemedicine
Healthcare Consumer
Engagement
Population Health Management
Platforms for managing population health under the shift to risk-based
payment models

5. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Acquisitions: Is this the start of the HealthTech sector maturing?
95 M&A Deals in 2014 - $20B
ACQUIRER TARGET
Flatiron Health Altos Solutions
Teladoc AmeriDoc
Evidera Archimedes
Optum Audax
Roche Bina Technologies
MDLive Breakthrough
Hearst Health CareinSync
Cambia Health ClarusHealth
Merck eCardio
Google Lift Labs
UnitedHealth Group MedSynergies
WellTok MindBloom
HCA PatientKeeper
Facebook ProtoGeo (Moves)
AirStrip Wireless Sense4Baby
MyFitnessPal Sessions
WebMD TheraSim
Covidien Zephyr Technologies
Sector # of M&A deals
Health Tech
Med Device
Payer
Biopharma
Provider
Other
Healthcare
Tech
Other
47
8
6
6
4
4
7
13
ACQUIRER TARGET VALUE
BD CareFusion $12.2B
Cognizant TriZetto $2.7B
Cerner Siemens Health $1.3B
Optum Alere $600M
Aetna bswift $400M
Brighton Health Privia $400M
GE API Healthcare $340M
Emdeon Change Healthcare $185M
Medtronic Corventis $150M
Astra Zeneca Definiens $150M
Intel Basis $100M
Everyday Health Medico.com $100M
Millenium Labs RxAnte $70M
St Jude Medical CardioMEMS $60M
Care.com Citrus Lane $49M
Advisory Board Co. HealthPost $25M
Weight Watchers Wello $9M
Premier Meddius $8M
DISCLOSED UNDISCLOSED

6. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
• Lifestyle and wellness apps driven by growing middle class affluence
• Infrastructure management and modernisation
• Chronic disease management driven by growing health awareness
• Reverse innovation enabling better care at an affordable price point
• Growing demand for senior healthcare products and services
Asia: Key Drivers

7. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
HealthTech: Asia HealthTech Startup Landscape
Nascent But Thriving Ecosystem
Note: WIP!
Source: Health Startups Asia!
HealthTech Startup Categories
Consumer Health &
Wellness
18%
Navigating the
Healthcare System
19%
Patient
Engagement
23%
Practice
Engagement
16%
Sensors &
Diagnostics
15%
Telehealth &
Remote Monitoring
4%
Big Data &
Analytics
3%
Genomics &
Precision Medicine
2%
HealthTech Startup Geographies
Australia
5%
Indonesia
3%
Singapore
7%
Malaysia
1%
Hong Kong
3%
India
29%
Philipines
2%
Vietnam
1%
China
43%
South Korea
1%
Thailand
1%
Japan
3%
Taiwan
1%

8. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Venture funding of HealthTech: Asia Key Trends
Noteworthy Asia HealthTech Funding Rounds
Target Category
Funding Size
($M) & Stage
Principal
Investor(s)
Meet You (CH)
Consumer Health &
Wellness
35.0
Series C
• Matrix
Partners
• K2 Partners
Practo (INDIA)
Navigating The
Healthcare System
30.0
Series B
• Sequoia
Capital
PICOOC (CH)
Sensors &
Diagnostics
25.0
Series B
• Tencent
• Gobi Partners
1MG (pka HealthKartPlus)
(INDIA)
Navigating The
Healthcare System
20.0
Series B
• Sequoia
Capital
• Intel Capital
DocDoc (SG)
Navigating The
Healthcare System
8.5
Series A
• Jungle
Ventures
• SparkLabs
Target Category
Funding Size
($M) & Stage
Principal
Investor(s)
ConnexionsAsia (SG)
Consumer Health &
Wellness
8.0
Series A
• NorthStar
Investments
• BioVeda
Reka Health (SG)
Sensors &
Diagnostics
4.0
Series A
• Tembusu
Partners
Our Health Mate (SG)
Navigating The
Healthcare System
1.0
Seed / Pre A
• LeoTech
Healint (SG)
Patient Engagement 1.0
Seed / Pre A
• WaveMaker
• GREE
Ventures
mClinica (PH)
Patient Engagement 1.0
Seed / Pre A
• KickStart
Ventures
• 500Startups
Note: WIP!
Source: Health Startups Asia!

9. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Asia Healthcare Accelerator Landscape
Most Asia accelerators have a broad sector focus
Next 12 months will likely see the launch of additional healthtech focused accelerators
• There are 100+ incubators &
accelerators across Asia –
virtually none are 100%
focused on healthtech
• Growing maturity of the
ecosystem vs. 115 healthtech
accelerators worldwide (87 in
the US)
• Putting Asia / Singapore on
the map
• Emergence of corporate
incubators with a healthtech
focus
Incubator! Accelerator!
Focused!
Broad!
Clearbridge
Accelerator
(SG)!
AIA !
(HK)!
MetLife
(SG)!
Independent!
Captive!
JFDI Asia
(SG)!
BioFactory
(SG)!
SPRING SSA
MedTech
(SG)1!
SparkLabs
(KR)!
rockstart!
(SG)!
Modern
Ageing!
(SG)3!
Muru D!
(SG)!
Other Asia
Accelerators2!
Note 1: Zicom MedTacc and Med Tech Alliance, together with SPRING Singapore will co-invest S$60 million to develop promising medical technology ventures!
Note 2: A number of accelerators exist in Asia e.g. GSF India which operate on a similar model to JFDI Asia but have no deliberate focus on healthtech!
Note 3: Modern Ageing is a pre-Accelerator!
EVA !
(IN)!

10. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
HealthTech: Singapore
Emerging SG HealthTech Startups*
Target Category
Seed
Funding
Size ($K)
Principal
Investor(s)
Holmusk
Big Data & Analytics 750.0 • ND
Lean Care Solutions
Big Data & Analytics ND • ND
Zensorium
Sensors &
Diagnostics ND
• Nitto Denko
Corporation
MyDoc
Navigating The
Healthcare System 750.0 • August Capital
Target Category
Funding Size
($K) & Stage
Principal
Investor(s)
RingMD
Consumer Health &
Wellness 500.0 • SG Gvt
Klinify
Sensors &
Diagnostics 600.0
• Jungle
Ventures
Connected Health
Navigating The
Healthcare System 530.0 • Get2Volume
Smartissimo Technologies
Consumer Health &
Wellness 250.0 • IncuVest
ND = Not Disclosed!
!
Note: Total number recorded = 43 (WIP)!
Source: Health Startups Asia!

11. Julien
de SALABERRY
Experienced regional head and GM. 15+
years in healthcare with leading brands
including Eli Lilly, Boston Scientific,
Baxter, GSK, Merck & Co. Significant
Asia Pacific Experience.
The Propell Group is a boutique venture
investor and adviser firm focused on
early stage companies in healthcare
technology
Co-Author of iDisrupted
Founder & CIO Ÿ The Propell Group
M: +65 9488 7334 Ÿ julien@propellgroup.biz
@enquirepropell