Health IT venture cash may be waning

October 15, 2014 in Medical Technology

Mercom officials noted another interesting characteristic of the third quarter: record funding for companies abroad.

“Companies from countries outside of the United States, accounted for a record 21 percent share of the funding,” said Raj Prabhu, chief executive officer and co-founder of Mercom Capital Group, in a press statement announcing the report. “While consumer-centric companies attracted the majority of the funding  this quarter, MA has been a different story with the majority of the deals involving practice-focused companies.”


Consumer-focused technologies, which includes mobile health and telehealth, walked away with the lion’s share of capital — 65 percent of all VC cash for the quarter, or $623 million across 140 deals. In Q2, that number stood at $678 million across 100 deals. 


[See also: Digital health sees record cash flow.]


Telehealth had its best quarter to date, raking in $101 million in 16 deals. 


Revenue cycle management and data analytics also did well, with $75 million and $71 million respectively. 


Advertisement. Closing in 15 seconds.

Be the first to like.
VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)

Article source:

Be Sociable, Share!
Bookmark and Share

Leave a reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>