The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACELRX PHARMACEUTICALS INC COM 00444T100 3,385 798,381 SH   SOLE 0 798,381 0 0
ACHILLION PHARMACEUTICALS IN COM 00448Q201 7,761 876,000 SH   SOLE 0 876,000 0 0
AETNA INC NEW COM 00817Y108 8,412 66,000 SH   SOLE 0 66,000 0 0
ALLERGAN PLC PFD CONV SER A G0177J116 5,124 4,900 SH   SOLE 0 4,900 0 0
ALLIQUA BIOMEDICAL INC COM NEW 019621200 4,319 819,600 SH   SOLE 0 819,600 0 0
BECTON DICKINSON & CO COM 075887109 20,808 146,900 SH   SOLE 0 146,900 0 0
BIOTA PHARMACEUTIALS INC COM 090694100 3,348 1,617,500 SH   SOLE 0 1,617,500 0 0
CIGNA CORPORATION COM 125509109 12,361 76,300 SH   SOLE 0 76,300 0 0
CONCERT PHARMACEUTICALS INC COM 206022105 23,192 1,557,534 SH   SOLE 0 1,557,534 0 0
CORIUM INTL INC COM 21887L107 11,131 813,085 SH   SOLE 0 813,085 0 0
DYAX CORP COM 26746E103 11,671 440,433 SH   SOLE 0 440,433 0 0
ESPERION THERAPEUTICS INC NE COM 29664W105 12,583 153,900 SH   SOLE 0 153,900 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 8,298 93,300 SH   SOLE 0 93,300 0 0
FOAMIX PHARMACEUTICALS LTD SHS M46135105 7,251 707,449 SH   SOLE 0 707,449 0 0
HEALTHWAYS INC COM 422245100 17,257 1,440,503 SH   SOLE 0 1,440,503 0 0
INSMED INC COM PAR $.01 457669307 11,338 464,307 SH   SOLE 0 464,307 0 0
INTERSECT ENT INC COM 46071F103 6,692 233,757 SH   SOLE 0 233,757 0 0
INTRA CELLULAR THERAPIES INC COM 46116X101 5,154 161,300 SH   SOLE 0 161,300 0 0
JOHNSON & JOHNSON COM 478160104 16,705 171,400 SH   SOLE 0 171,400 0 0
KINDRED HEALTHCARE INC COM 494580103 11,705 576,876 SH   SOLE 0 576,876 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 51,264 422,900 SH   SOLE 0 422,900 0 0
MEDTRONIC PLC SHS G5960L103 16,924 228,400 SH   SOLE 0 228,400 0 0
MIMEDX GROUP INC COM 602496101 12,524 1,080,559 SH   SOLE 0 1,080,559 0 0
MYLAN N V SHS EURO N59465109 15,865 233,784 SH   SOLE 0 233,784 0 0
NEVRO CORP COM 64157F103 54,098 1,006,479 SH   SOLE 0 1,006,479 0 0
ORTHOFIX INTL N V COM N6748L102 11,923 360,001 SH   SOLE 0 360,001 0 0
PERRIGO CO PLC SHS G97822103 36,615 198,100 SH   SOLE 0 198,100 0 0
PHARMERICA CORP COM 71714F104 7,633 229,214 SH   SOLE 0 229,214 0 0
RECEPTOS INC COM 756207106 17,066 89,800 SH   SOLE 0 89,800 0 0
RETROPHIN INC COM 761299106 6,945 209,500 SH   SOLE 0 209,500 0 0
RIGEL PHARMACEUTICALS INC COM NEW 766559603 3,777 1,176,487 SH   SOLE 0 1,176,487 0 0
SAGENT PHARMACEUTICALS INC COM 786692103 11,022 453,392 SH   SOLE 0 453,392 0 0
SPECTRANETICS CORP COM 84760C107 3,231 140,400 SH   SOLE 0 140,400 0 0
ST JUDE MED INC COM 790849103 41,116 562,700 SH   SOLE 0 562,700 0 0
SYNERON MEDICAL LTD ORD SHS M87245102 12,125 1,141,700 SH   SOLE 0 1,141,700 0 0
TANDEM DIABETES CARE INC COM 875372104 9,318 859,549 SH   SOLE 0 859,549 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 51,860 877,497 SH   SOLE 0 877,497 0 0
XENOPORT INC COM 98411C100 10,556 1,722,100 SH   SOLE 0 1,722,100 0 0