business
Venture capital funding for health IT grew in 2011
NEWS IN BRIEF — Posted Jan. 30, 2012
The health information technology industry raised more than half a billion dollars in venture capital funding in 2011, according to a report by Mercom Capital Group, an Austin, Texas-based communications and consulting firm.
The report said venture capitalists in the health IT sector invested more than $500 million, up significantly from 2010, when $211 million was invested. The sector receiving the most money was health information management companies, with $336 million raised in 30 deals. Personal health record companies raised $83.3 million in 12 deals.
Merger and acquisition activity also was high, with 104 recorded transactions totaling $6 billion, compared with $4 billion in 85 transactions in 2010, according to the report.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2012/01/30/bibf0130.htm.
