Mercom Capital Group, llc, a communication and consulting firm
specializing in health care technology and clean energy, today released
the health care IT M&A and funding activity for the second quarter
of 2010. $118 million was invested in six transactions compared to
$82 million for eight transactions during Q1.
Merger and acquisition (M&A) activity for the sector saw a decrease
in the number of deals, but a significant increase in values with
several large M&A transactions announced during the quarter. Out
of nine M&A transactions, five of them were disclosed for a total of
$2.2B compared to the first quarter with a total of 27 deals of which
six were disclosed for $617.5M.
Raj Prabhu, Managing Partner of Mercom Capital Group, commented, "Q2 was
a strong quarter for the health care technology sector with a lot of
activity, both in equity investments and with some significant M&A
transactions." Notable transactions for the sector included a series C
raise of $60M by Castlight Health, the $685M acquisition of Phase
Forward by Oracle and the $1.3B merger of Allscripts and Eclipsys.
To download healthcare IT funding reports, visit: http://mercomcapital.com/healthcareitreports.php