Digital health funding continues its strong trajectory in 2018 as providers eye strategic investments April 4, 2018

Digital health funding continues its strong trajectory in 2018 as providers eye strategic investments April 4, 2018

Investment money continues to flow during the first quarter after a historic year of digital health funding.

In the US, digital health funding reached a record $1.62 billion in Q1, according to Rock Health. Venture funding surpassed last year’s $1.41 billion in the first three months. If this year’s pace continues, digital health investment will surpass last year’s numbers, which reached $5.8 billion by the end of 2017.

StartUp Health, a company that analyzes digital health deals, identified a record number of 191 deals during the first quarter of this year globally. The deals totalled $2.8 billion, equaling the pace of the year prior.

Rock Health also noted that investors “have become more confident investing in large, late-stage rounds.” Three mega-deals closed in the beginning of 2018 after eight deals representing more that $100 million were made in 2017.

Among the most notable deals was Roche’s $1.9 billion acquisition of Flatiron Health and Allscripts and Practice Fusion’s $100 million dollar deal. This comes after a larger $250 million offer for the HER vendor, which was revoked after a Department of Justice inquiry and eClinicalWorks $155 million settlement last year, previously reported by FierceHealthcare.

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