Healthcare IT VC Funding Activity Up Compared to Q4 2010
Mercom Capital Group, llc, a global communications and consulting firm,
today released healthcare IT funding and merger and acquisition
(M&A) activity for the first quarter of 2011.
VC funding in the healthcare IT sector in Q1 2011 was up with $35
million raised in seven deals compared to $11 million in five deals in
the previous quarter. VC funding for the same quarter last year came to
$45 million in five deals.
The top five VC funding rounds included an $11.8 million raise by
lifeIMAGE, $10.8 million by Doximity, $4.5 million by Telcare, $3.25
million by Ingenious Med and $2.4 million by HealthTap. In terms of
technology, Health Information Management companies accounted for three
funding rounds; Personal Health Record and Mobile Health companies
received two rounds each. Fourteen different VC investors participated
in healthcare IT funding rounds.
M&A activity slowed down in the healthcare IT sector in Q1 2011
amounting to $306 million in 14 transactions compared to $860 million in
30 deals during Q4 of 2010. M&A activity in the same quarter of
last year came to $618 million in 27 deals.
Major M&A transactions included the acquisition of Carefx by Harris
Corporation for $155 million, System C by McKesson for $142 million,
LifeBeyond by Acropetal Technologies for $5 million and Optech
Consulting, also by Acropetal Technologies for $5 million.
To download Healthcare IT funding reports, visit: http://mercomcapital.com/healthcareitreports.php