Angel Healthcare Investors, LLC evaluates every opportunity that meets our investment criteria through the systematic process described below.

Screening
Companies submit an Executive Summary or Business Plan to Angel Healthcare which is reviewed against specific Investment Criteria. Those reaching favorable internal consensus are invited to provide additional detailed information through a phone conversation or in-person meeting. Companies that demonstrate an attractive investment opportunity are considered for presentation to angel members at an Angel Healthcare monthly meeting.

Presentation
Typically, two companies present to the angel members at each monthly meeting. Prior to the meeting, the Professional Staff works with each presenting company to crystallize their "story" into a 15-20 minute presentation. The formal presentation is followed by a 20-25 minute question and answer period where members dig more deeply into key issues.

Due Diligence
Opportunities for which members indicate a significant level of interest enter the Angel Healthcare due diligence process. This process begins at the monthly meeting when 2-3 members volunteer to participate on a due diligence subcommittee. The subcommittee drives the due diligence process which can last anywhere from 4-8 weeks depending on the specific situation.

Investment
Once an opportunity has gone through the due diligence process, the subcommittee will decide whether or not to author an Investment Opportunity Memo for distribution to the entire group. If an Investment Opportunity Memo is not authored, the opportunity is retired from active consideration. Otherwise, the memo is circulated to the entire group and individual investment interest is gathered. Each member makes an independent decision to invest or not. Once a critical mass of interest is attained, funds are gathered and invested using a single-purpose investment LLC designed specifically for the opportunity.