Mercom Capital Group, llc, a communication and consulting firm
specializing in health care technology and clean energy, today released
the M&A, funding, and loan activity in Health Care IT sector for
the first quarter of 2010. Disclosed investment in the sector totaled
$82 million out of eight transactions. Health Care IT merger and
acquisition (M&A) transactions in the first quarter was $618 million
in six disclosed deals out of a total of 27 deals.
Forms of investment included venture capital (VC) funding, financing and
loans, with VC investment coming in at $45 million in five deals and
other financing and loans totalling $37 million in three deals.
Significant investments in Health Care IT include a $30 million VC
funding for PatientSafe Solutions Inc. and a $31 million credit facility
for Harden Heathcare, llc.
Raj Prabhu, Managing Partner, Mercom Capital Group, commented, "Mercom
has expanded its reporting beyond venture capital transactions to
include other types of financing and M&A transactions. This gives
companies a truer picture of what is happening in the world of finance
as it relates in the healthcare IT sector. M&A activity was strong
in the HIT sector as we are seeing the market consolidation happen."
To download healthcare IT funding reports, visit: http://mercomcapital.com/healthcareitreports.php