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EHRs lead venture capital health IT funding

NEWS IN BRIEF — Posted April 29, 2013

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Venture capital funding for health information technology totaled nearly $500 million in the first quarter of 2013, according to a report by Mercom Capital Group, a research and consulting firm in Austin, Texas.

The report found that 108 investors participated in 104 deals during the quarter, for a total $493 million raised. The deals were split nearly evenly between consumer-focused and health practice-focused technologies. Health information management technologies, such as electronic health record and practice management systems, brought in the most funding at $219 million, and mobile health came in second with $127 million (link).

The report also found that it was a busy quarter for mergers and acquisitions, with 46 deals. Among the biggest deals was Athenahealth’s acquisition of Epocrates for $293 million.

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