Healthcare IT VC Funding Is On Pace To Exceed $2 Billion In 2013

Healthcare IT VC funding is on pace to exceed $2B in 2013 according to report on funding and mergers and acquisitions (M&A) activity in the Healthcare IT sector for the second quarter of 2013 by Mercom Capital Group, LLC.

The global communications and consulting firm reported continued torrid growth in another record quarter with $623M in VC funding totaling 168 funding deals this quarter compared to 104 the previous quarter and 163 in all of 2012.

“The government’s initiative to open up healthcare data has been a contributor to the surge in activity and investments in consumer-focused companies as they turn available data into usable applications and services,” commented Raj Prabhu, CEO of Mercom Capital Group.