This week, Mercom Capital Group — a global communications and research firm — released its report on funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for the first quarter of 2017.
Mercom’s comprehensive report, as noted by our sister site mHealthWatch, covers deals of all sizes from across the globe.
Venture capital (VC) funding, including private equity and corporate VC, in the Health IT sector almost doubled quarter-over-quarter, coming in at $1.6 billion in 165 deals compared to $845 million in 159 deals in Q42016.
VC funding in Q12017 was also up compared to Q12016 when nearly $1.4B was raised in 146 deals. The Digital Health sector has now received $20B in VC funding since 2010.
Total corporate funding in Health IT — including VC, debt and public market financing — was $1.8B compared to $1B in Q42016.
“Digital Health funding is off to a fast start this year and there was no visible ‘Trump effect’ on investments in the sector, at least in the first quarter, and publicly-traded Digital Health companies actually fared much better in Q1 than last year,” says Raj Prabhu, CEO of Mercom Capital Group.
