Mercom Capital Group Reports Funding and Merger and Acquisition Activity on Healthcare IT for First Quarter 2011
Mercom Capital Group, llc, today released healthcare IT funding and merger and acquisition (M&A) activity for the first quarter of 2011.
- (1888PressRelease) April 13, 2011 - AUSTIN, Texas - 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 Health Tap. 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 all funding transactions for Q1, visit: www.mercomcapital.com/news.php
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm with offices in the US and India. Mercom's communications division helps clean energy companies build powerful relationships with media, analysts, government decision-makers, local communities and strategic partners. Mercom's consulting division advises solar companies on new market entry, custom market intelligence and overall strategic decision-making. Mercom delivers highly respected industry market intelligence reports covering Healthcare IT, Solar Energy, Wind Energy and Smart Grid. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. For more information about Mercom Capital Group, visit: www.mercomcapital.com. To get a copy of Mercom's popular market intelligence reports, visit: www.mercomcapital.com/market_intelligence.php.
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