Healthcare IT Funding, M&A Strong in 3Q With 74 Deals Worth $3.4B

Venture capital funding as well as merger and acquisition activity in health information technology continued to be strong in the third quarter of 2012 with 74 deals worth roughly $3.4 billion, according to a report by Mercom Capital Group, a global clean energy communications and consulting firm.

Venture capital funding for HIT saw 37 deals worth $194 million. There were 37 M&A transactions in HIT amounting to $3.2 billion.

Health information management companies received the most venture capital funding with 20 deals worth $101 million, followed by mobile health companies with seven deals worth $39 million and social health network companies with four deals for $26 million.

For a complete list of 2012's 3Q transactions in the health IT sector, click here.

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