Archive for September, 2015


San Francisco, September, 2015
Successful Acquisition of Medical Device Intellectual Property/Patents by Gerbsman Partners for a Coronary Vascular Medical Device Company
Steven R. Gerbsman, Principal of Gerbsman Partners, announced today his success in acquiring Intellectual Property/Patents in vascular technology for a coronary/vascular medical device company. The IP/Patents focus on an external support device for saphenous veins that is used as bypass conduits in coronary artery bypass grafting (CABG) surgery.

Gerbsman Partners provided Financial and Strategic Advisory leadership to its Client, facilitated the sale of the Intellectual Property/Patents and closing of the sale. Due to market conditions, Gerbsman Partners Client made the strategic decision to seek to acquire certain Intellectual Property/Patents. Gerbsman Partners provided leadership to the company with:

  1.  Business Consulting and Investment Banking domain expertise in developing the strategic action plans for the strategy to acquire Intellectual Property/ Patents;
  2. Proven domain expertise in acquiring and Intellectual Property/Patents;
  3. The ability to “Manage the Process” among Acquirers, Seller, Lawyers, and Management;
  4. Communications with the Client’s Board of Directors, senior management, sthe seller and parties in interest.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. Since 2001, Gerbsman Partners has been involved in maximizing value for 91 Technology, Medical Device, Life Science, Solar, Fuel Cell, Cyber/Data Security and Digital Marketing companies and their Intellectual Property and has restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception in 1980, Gerbsman Partners has been involved in over $2.3 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in San Francisco, Boston, New York, Washington, DC, McLean, VA, Europe and Israel.


Phone: +1.415.456.0628
Email: steve@gerbsmanpartners.com
Web: www.gerbsmanpartners.com
BLOG of Intellectual Capital: blog.gerbsmanpartners.com

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How to Live Independently as We Age

A care conference offers insights on elder abuse, dementia and suicide

As the US and the World is dealing with an “aging population”, insights and strategies for the “elderly”, will be/are critical for navigating all facets of life.  Over the next months, Gerbsman Partners will provide updated information on this topic, along with business, family and personal strategies.

Next Avenue Blogger

This week I attended my first National Home and Community Based Services Conference, an annual gathering of professionals who provide services for older adults and disabled individuals who wish to remain in their homes and communities as they age.

More than 1,400 people are attending this year’s event, sponsored by the National Association of States United for Aging and Disabilities.

Assistant Secretary for Aging Kathy Greenlee kicked off the conference with a speech marking the 50th anniversary of Medicare, Medicaid and the Older Americans Act (OAA).

Frustration With Washington, But Progress, Too

“As advocates, we specialize in being frustrated with these programs. We know we need more funding for OAA, we know there are gaps in Medicare … and we know we need to do more balancing with Medicaid,” said Greenlee. Despite these frustrations, she exhorted the audience “to look at the foundation of support the programs have created in our country. These three programs demonstrate that we as a nation have made tremendous investments in the health and life of our citizens as they age and are disabled.” 

The Older Americans Act, which has not been reauthorized since 2006, serves 11 million Americans by providing vital nutrition assistance (Meals on Wheels), help with transportation, caregiving, legal services and elder abuse prevention, as Next Avenue blogger Robert Blancato wrote earlier this year.

In solving problems for those with dementia, Mosqueda views the whole family as her patient.

The U.S. Senate acted to reauthorize the law in July, but the House has not yet taken it up for a vote. “We continue to be engaged with members of the House and staff,  and we are very hopeful the House will also move soon to reauthorize this law,” Greenlee said. 

Dealing with Dementia and Elder Abuse

I later attended an engaging talk on “The Risk of Abuse for Cognitively-Impaired Older Adults,” by Dr. Laura Mosqueda, director of the National Center on Elder Abuse, chair of the Family Medicine Department and the associate dean of primary care at the Keck School of Medicine at the University of Southern California.

Sharing statistics showing that Alzheimer’s and other forms of dementia are expected to grow exponentially as the American population ages, Mosqueda said: “If ever there was an epidemic that we knew was coming, this is it, and we are not prepared for it.”

Mosqueda, a practicing physician who works with patients diagnosed with a variety of dementias, outlined types of memory loss and explained how they can interfere with the reporting and redress of elder abuse. Although there is a tendency to lump all forms of dementia together, she said knowing that someone has Frontotemporal Dementia, as opposed to Alzheimer’s, allows an attentive doctor to access the parts of the memory circuit that are still working to figure out what happened.

She said it is incumbent on doctors to work with law enforcement to help them investigate charges of elder abuse where the victim may have significant memory loss. Mosqueda cited an example of a patient who could not speak well but was able to identify her caregiver and alleged abuser with photos.

She also offered tips for communicating and calming people with dementia, such as not arguing with someone who is having a delusion. One of her patients, she recalled, was certain that Gen. Norman Schwarzkopf was in her room to offer strategic war advice. As funny as that sounds, it was distressing to her patient.

Said Mosqueda: “You don’t argue with a person with delusion. It is as real to them as it is to you that it’s not (real).”

Instead, she said, you should “acknowledge and distract” by saying something like: “That must be so scary for you. I’m going to see what we can do to make sure that doesn’t happen anymore.” 

This is helpful for the person with dementia, who may get agitated if his or her assumption is challenged, and also helpful in reducing stress on caregivers, which may trigger neglect or abuse, Mosqueda said.

In solving problems for those with dementia, Mosqueda said she views the whole family as her patient, so she can better understand how all members are affected by the illness and its caregiving consequences. At the center, however, is the person with dementia and his or her wishes, as much as they can be discerned. “It’s the ‘nothing about me without me’ that we have to pay attention to,” Mosqueda noted.

Suicide Prevention Among Older Adults

The last session I attended, “Preventing Suicide Among Older Adults,” highlighted new tools and programs to help caregivers and professionals identify suicide risks and respond appropriately.

According to the Suicide Prevention Resource Center (SPRC), suicides for most age groups has been rising since 2000 with the sharpest increase for people 45 to 64. Overall, men die by suicide at four times the rate of women.

During her presentation, SPRC’s Christine Miara said the top three suicide warning signs are:

1. Talking about wanting to die or kill oneself

2. Looking for a way to kill oneself 

3. Talking about feeling hopeless or having no reason to live

Some of the risk factors for suicide among older adults include:

  • The death of a loved one
  •  Physical illness
  • Uncontrollable pain or the fear of a prolonged illness
  • Perceived poor health
  • Social isolation and loneliness
  • Major changes in social roles (such as retirement)

If someone you know is considering suicide, call 911 or the National Suicide Prevention Hotline at 800-273-TALK. If it is not an emergency and your loved one lives in a residential facility, discuss your concerns with a supervisor there.

Miara said that senior centers and residential communities, these days, are doing more to address mental health issues and adding programs to combat some of the risk factors through social and educational programs. For additional information, she recommended these fact sheets from the Substance Abuse and Mental Health Services Administration.

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Mickey, Whitey, Billy, Casey, Hank, “the Scooter”, “the Moose”, Tony, Bobbie, and then there was Yogi.
The Yankees were the rock of my childhood and Yogi was the glue that held the Yankees together. 
Thanks for the memories and for being “YOGI”
from a Bronx boy in the 50’s Steve

(CNN)You don’t have to be a baseball fan or even know who Yogi Berra was to appreciate his wacky way with words.

His colorful, disjointed sayings — known as Yogisms — have been quoted by countless politicians and are now fixtures of the American lexicon.

“I really don’t know why I say them,” he once told CNN. “It just comes out.”

Most of his Yogisms are either paradoxical or obviously redundant. But so-called Yogisms weren’t always uttered by the World Series champion.

“I never said some of the things I said,” he once said.

Here are some of his most memorable Yogisms that actually came from the Hall of Famer:

“It ain’t over till it’s over.”

“It’s déjà vu all over again.”

“When you come to a fork in the road … take it.”

The retired legendary catcher throws out the first pitch to start the Yankees' home season in April 2000.

“I usually take a two-hour nap from 1 to 4.”

“Never answer an anonymous letter.”

“I didn’t really say everything I said.”

“I want to thank you for making this day necessary.”

“We made too many wrong mistakes.”

“You can observe a lot by watching.”

“The future ain’t what it used to be.”

“It gets late early out here.”

“If the world were perfect, it wouldn’t be.”

“If the people don’t want to come out to the ballpark, nobody’s going to stop them.”

“Pair up in threes.”

“Why buy good luggage? You only use it when you travel.”

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October 1, 2015
Dorsey 4D Symposium – Devices | Diagnostics | Drugs | Digital Health


October 1, 2015 | 9:00 a.m. – 5:30 p.m.
Registration: 8:00 a.m.
Panel Presentations: 9:00 a.m. – 4:30 p.m.
Hosted Networking Event: 4:30 p.m. – 5:30 p.m.


Join us as we explore the latest trends and innovations in four key areas of the life sciences industry: devices, diagnostics, drugs and digital health. Hosted in the heart of Silicon Valley, we bring together the best in the industry to discuss critical issues, current dynamics and future trends to give you practical takeaways directly applicable to your business.

Whether you are an emerging or established life sciences company, venture capitalist or life sciences executive, the Dorsey 4D Symposium provides you with a valuable educational and networking platform that offers a fresh look at the latest issues within life sciences. Based on the success of 2014’s symposium, you don’t want to miss it this year!


Michael Leavitt

Our 2015 Dorsey 4D Symposium keynote speaker is Governor Michael Leavitt, former three-time elected governor of Utah and founder and Chairman of Leavitt Partners, where he advises clients in the health care sector. Governor Leavitt served in the Cabinet of President George W. Bush as the Secretary of Health and Human Services. While at H.H.S., he led the implementation of the Medicare Part D Prescription Drug Program, a task that required the design, systematization and implementation of a plan to provide 43 million seniors with a new prescription drug benefit. As a seasoned diplomat, and, at heart, an entrepreneur, Governor Leavitt will join us at the Dorsey 4D Symposium to share his experiences in facilitating the transformation of healthcare.



Palo Alto Hills Golf & Country Club
3000 Alexis Drive
Palo Alto, CA 94304


Complimentary valet parking provided.

For more information about the event, please visit: www.dorsey4ds.com

Due to the proprietary nature of the content discussed, and at the request of several panelists, media will not be permitted. Media inquiries may be directed to: Gia Altreche, Marketing Manager, altreche.gia@dorsey.com.

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If winter is coming, how well are unicorns prepared?


What if the private market tourists go home for the winter?

What would happen to the unicorns if the funding pipeline froze?

The slowdown in the Chinese economy, combined with the European debt crisis and the recent plunge in oil prices, has contributed to a global economic environment that has experienced increasing uncertainty. The culmination of these events played a role in the drop in the U.S. stock market that we saw last month, fueling a lot of buzz about how long valuations in the venture capital industry can remain at their lofty levels. If these trends continue, and the markets take a turn for the worse, companies looking to fundraise will find it harder to secure more funding through both the public and private markets.

The companies that may be hit especially hard are unicorns (startups valued at $1 billion or more). After raising large rounds at such high valuations, many will be expected to be working toward an IPO or will need to raise another large round from the private sector.

It’s hard to blame these startups for grabbing money while it’s cheap, but winter may be coming for raising capital and the jury is out on whether some of these companies are prepared to survive. Paper gains burn up pretty quickly, after all. Erin Griffith (Fortune), Brad Feld (Foundry Group), Nick Bilton (Vanity Fair) and Aileen Lee (Cowboy Ventures), among others, have written about the potential death of some of these unicorns, a notion that has led to a new buzzword: unicorpses.

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