NEA Announces Promotion of Mohamad Makhzoumi to Partner

MENLO PARK, Calif., June 27, 2011 /PRNewswire/ -- New Enterprise Associates, Inc. (NEA), a leading global venture capital firm, today announced that Mohamad Makhzoumi has been promoted to Partner. Mr. Makhzoumi, who joined the firm in 2005, focuses on investments in the healthcare services and healthcare information technology sectors.

"NEA is very pleased to recognize Mohamad's significant contributions to the firm with this well-deserved promotion," said Peter Barris, Managing General Partner, NEA. "Since being named Principal in 2008, Mohamad has increasingly assumed a leadership role in the firm's healthcare services and healthcare information technology practices, and his efforts have been integral to the firm's growing investment activity in healthcare services and technology in India and China."

Mr. Makhzoumi currently sits on the Board of Directors for American Pathology Partners, Elements Behavioral Health, Nova Medical Centers, SCI Solutions and Simplex Healthcare as well as being a Board Observer at BENU and Vantage Oncology. In the past, he also worked closely with Bravo Health, CHG Healthcare Services and ppoNEXT.

Prior to joining NEA, Mr. Makhzoumi was an Associate with Summit Partners, and worked with UBS Investment Bank where he concentrated on healthcare services, leveraged finance and financial sponsor transactions. Mr. Makhzoumi received a bachelor's degree, with distinction, in International Relations from the University of Pennsylvania and currently serves as a founding board member of the Lance Armstrong Foundation's Young Leadership Cancer Council.

About NEA

New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $11 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 165 portfolio company IPOs and more than 265 acquisitions. In the U.S., NEA has two offices in the Washington, D.C. metropolitan area and one in Menlo Park, California. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.

SOURCE New Enterprise Associates, Inc.



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