HIT & Digital Health Sets Record

Mercom Capital Group LLC www.mercomcapital.com a global communications and research firm, has released reports covering Health IT/Digital Health on funding plus Mergers and Acquisitions (M&A) activity for the Health IT/Digital Health sector for the second quarter and first half of 2017. The report shows that 2017 is shaping up to be a blockbuster year globally. To learn more about the details in the report, go to http://bit.ly/MercomHITQ22017.

The report points out that even with the uncertainty that may surround the future of the Affordable Care Act in the U.S., investors remained bullish on Health IT/Digital Health companies in the U.S with a record quarter.

Global VC funding for Health IT/Digital Health companies in the first half of 2017 was 36 percent higher year over year with $4 billion raised in 359 deals as compared to the $3 billion raised from 286 deals in the first half of 2016.

Q2 2017 VC funding was at its highest, increasing 47 percent to $2.4 billion in 194 deals as compared to $1.6 billion raised in 165 deals in Q1 2017. Q2 had the second most deals recorded at 194 in a quarter since 2010. Total corporate funding in health IT companies including VC, debt, and public market financing came to $2.4 billion in Q2 2017 compared to $1.8 billion in Q1 2017.

Go to http://mercomcapital.com/assets/images/Healthcare_IT_VC_Funding_iH_2016-1H_2017(1).png

Go to http://mercomcapital.com/assets/images/Healthcare_IT-VC_Funding_Q2_2016-Q2_2017.png for additional data.

The top funded areas in the first half of 2017 were patient engagement solutions ($684 million), data analytics, ($48 million), mHealth apps ($399 million), booking ($391 million), telemedicine ($297 million), mobile wireless ($275 million), and EMR companies ($237 million).

The top funded categories in Q2 2017 were patient engagement companies ($669 million) mHealth apps companies ($325 million), data analytics companies ($264 million), and EMR companies ($236 million).

“This was the best half and best quarter ever for digital companies as a result of a few very large deals. We are now comfortably on pace to have the biggest funding year for digital health companies,” commented Raj Prabhu, CEO and Co-Founder of Mercom Capital Group. “Even with such robust funding, there is still no sign of any digital health IPOs and M&A activity is of yet to catch up to the funding momentum.”

Go to https://twitter.com/MercomHIT, https://www.facebook.com/mercomhealthit, and https://www.linkedin.com/company-beta/211301/ for social media.

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