NewswireToday - /newswire/ -
Austin, TX, United States, 2011/04/12 - Mercom Capital Group, llc, released healthcare IT funding and merger and acquisition (M&A) activity for the first quarter of 2011 - MercomCapital.com.
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.
About Mercom Capital Group
Mercom Capital Group (MercomCapital.com) is a global communications and consulting firm with offices in the US and India. Mercomís communications division helps clean energy companies build powerful relationships with media, analysts, government decision-makers, local communities and strategic partners. Mercomís 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.