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
ABBVIE INC COM 00287Y109 4,098 70,000 SH   SOLE   70,000 0 0
ACTAVIS PLC COM G0083B108 6,534 21,954 SH   SOLE   21,954 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 18,644 341,091 SH   SOLE   341,091 0 0
AMGEN INC COM 31162100 9,111 57,000 SH   SOLE   57,000 0 0
BIOTA PHARMACEUTICALS INC COM 90694100 3,120 1,356,652 SH   SOLE   1,356,652 0 0
COLUMBIA LABORATORIES INC COM 197779200 1,963 316,149 SH   SOLE   316,149 0 0
CONMED CORP COM 207410101 12,687 251,274 SH   SOLE   251,274 0 0
DEPOMED INC COM 249908104 7,699 343,546 SH   SOLE   343,546 0 0
DIGIRAD CORP COM 253827109 1,905 419,604 SH   SOLE   419,604 0 0
ENANTA COM 29251M106 12,983 424,016 SH   SOLE   424,016 0 0
FURIEX PHARMACEUTICA CMN COM 36106P101 1,422 145,544 SH   SOLE   145,544 0 0
HALYARD HEALTH INC COM 40650V100 14,964 304,150 SH   SOLE   304,150 0 0
HILL-ROM HOLDINGS INC COM 431475102 9,228 188,327 SH   SOLE   188,327 0 0
IMPAX LABORATORIES INC COM 45256B101 19,261 410,944 SH   SOLE   410,944 0 0
INDIVIOR PLC COM G4766E108 2,817 1,000,000 SH   SOLE   1,000,000 0 0
INVACARE CORP COM 461203101 6,498 334,762 SH   SOLE   334,762 0 0
MERCK & CO. INC. COM 58933Y105 12,031 209,304 SH   SOLE   209,304 0 0
ORTHOFIX INTERNATIONAL NV COM N6748L102 11,115 309,698 SH   SOLE   309,698 0 0
RTI SURGICAL INC COM 74975N105 8,405 1,701,458 SH   SOLE   1,701,458 0 0
SUCAMPO PHARMACEUTICALS-CL A COM 864909106 14,531 933,866 SH   SOLE   933,866 0 0
TEVA PHARMACEUTICAL-SP ADR COM 881624209 15,463 248,200 SH   SOLE   248,200 0 0
THERAVANCE INC COM 88338T104 2,534 161,188 SH   SOLE   161,188 0 0
UNITED THERAPEUTICS CORP COM 91307C102 22,555 130,801 SH   SOLE   130,801 0 0