Business

Health care venture capital up

NEWS IN BRIEF — Posted Jan. 24, 2005

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Nearly 400 health care companies were boosted by venture capital investments in 2004, with the $6.9 billion total representing a 23% increase over the financial commitments made in 2003, according to Irving Levin Associates Inc., a health care research firm based in New Canaan, Conn. The firm recorded 97 deals and $1.6 billion invested during the fourth quarter of 2004.

While the number of deals was up from the 81 recorded during the same period of 2003, the investment total was slightly below the $1.8 billion recorded. The fourth quarter was the only period in which the 2004 financial figures did not top the 2003 figures, according to Irving Levin Associates.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/01/24/bibf0124.htm.

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