Healthcare IT funding hits record $5.1 billion

[Image courtesy of Pictures of Money on Flickr, per Creative Commons 2.0 license]

Global funding for healthcare information technology and digital health companies hit record levels last year, according to the latest annual report from Austin, Texas–based Mercom Capital Group.

There were a record 622 deals worth $5.1 billion in 2016, up from 574 deals worth $4.6 billion in 2015, according to Mercom Capital Group. The amounts involve venture capital funding including private equity and corporate venture capital.

Not all the news was positive. Total corporate funding for health IT companies, which includes debt and public market financing including IPOs, was down by nearly a third, to $5.6 billion, last year.

Get the full story on our sister site, Medical Design & Outsourcing.

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