Venture capitalists poured more than $1 billion into the healthcare IT sector during the first quarter of 2016 as investors look to target data analytics and telemedicine for growth.
The first three months also saw several large big data acquisitions as key players like IBM’s Watson Health unit continued their buying sprees.
Market researcher Mercom Capital Group reported that venture funding for healthcare IT and “digital health” soared 27 percent over the previous quarter during the first three months of this year. A total of 146 deals involving private equity and corporate venture capital generated quarterly investments totaling $1.4 billion, Mercom said. Investments totaled $1.1 billion in the previous quarter.
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