On Tuesday, 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 Q2 2016.
Per the findings of the report, which covers deals of all sizes across the globe, healthcare IT VC funding is surging this year.
“Venture capital (VC) funding in the Health IT sector, including private equity and corporate VC, came to $1.6B (billion) in 140 deals in Q2 2016 compared to $1.4B in 146 deals in Q1 2016; up 33 percent YoY,” the report summary reads.
In the first half of 2016, close to $3B has been raised in 286 deals, a 50 percent increase compared to nearly $2B raised during the same period in 2015, report authors note in Tuesday’s announcement.
“The big reason for the jump in VC funding was record fundraising by Chinese companies. This is the first time since 2010 that Health IT companies in the U.S. have been outraised by other countries,” said Raj Prabhu, CEO and Co-Founder of Mercom Capital Group. “Investors and companies should start paying close attention to Digital Health markets around the world.”
To learn more, check out the full report here.