Here are four findings from the analysis.
1. In 2016, 375 Midwestern healthcare companies raised $1.7 billion in new equity investments.
2. Three Midwest states — Minnesota ($424 million), Illinois ($327 million) and Ohio ($291 million) — gained the highest amount of funding.
3. Four major cities — Minneapolis ($422 million), Chicago ($324 million), St. Louis ($242 million) and Cleveland ($198 million) — led the way in gaining funds.
4. The Midwest funding went to three major sectors: medical device companies ($696 million), health IT and software and service companies ($697 million) and biotech and pharmaceutical companies ($353 million).
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