Health Financing/Insurance

Mercom Capital Group reports funding activity on healthcare IT for Second Quarter 2010

eHEALTH BureauMercom Capital Group, a communication and consulting firm specialising in health care technology and clean energy, has released the healthcare IT M&A and funding activity for the second quarter of 2010. USD 118 million was invested in six transactions compared to USD 82 million for eight transactions during Q1. Merger and acquisition (M&A) activity for the sector saw a decrease in the number of deals, but a significant increase in values with several large M&A transactions announced during the quarter. Out of nine M&A transactions, five of them were disclosed for a total of USD 2.2B compared to the first quarter with a total of 27 deals of which six were disclosed for USD 617.5M.Raj Prabhu, Managing Partner of Mercom Capital Group, commented, “Q2 was a strong quarter for the health care technology sector with a lot of activity, both in equity investments and with some  significant M&A transactions.” Notable transactions for the sector included a series C raise of USD 60M by Castlight Health, a USD 685M acquisition of Phase Forward by Oracle and the USD 1.3B merger of Allscripts and Eclipsys. 

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