Mumbai - Jul. 12, 2011 – Mercom Capital Group llc, a global communications and consulting firm, today released healthcare IT funding and merger and acquisition (M&A) activity for the second quarter of 2011. 

Venture Capital (VC) funding in the healthcare IT sector in Q2 2011 almost doubled with $66 million in six deals compared to $35 million in seven deals in the previous quarter.  VC funding for the same quarter last year came to $93 million in five deals.

The top VC funding rounds included a $27 million raise by ABILITY Network, $23 million by Practice Fusion, $11.5 million by Explorys and $4 million by MyHealthDIRECT.  Fifteen different VC investors participated in healthcare IT funding rounds.

M&A activity in the healthcare IT sector had dipped in Q1 2011 but saw an upturn this quarter with $703 million going into 23 deals compared to $306 million in 14 deals during Q1 of 2011.

Major M&A transactions included the acquisition of Vital Images by Toshiba Medical Systems for $273 million, Medical Present Value by Experian for $185 million and AdvanceMed by NCI for $62 million. Verisk Analytics acquired two companies: Bloodhound Technologies for $82 million and Health Risk Partners for $60 million.

Health Information Management companies were involved in the most funding and M&A transactions this quarter.

To download all funding transactions for Q2, visit: http://mercomcapital.com/news.php

About Mercom Capital Group

Mercom Capital Group is a global communications and consulting firm with offices in the US and India.  Mercom’s communications division helps clean energy companies build powerful relationships with media, analysts, government decision-makers, local communities and strategic partners.  Mercom’s consulting division advises solar companies on new market entry, custom market intelligence and overall strategic decision-making.  Mercom delivers highly respected industry market intelligence reports covering Healthcare IT, Solar Energy, Wind Energy and Smart Grid.  Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making.    For more information about Mercom Capital Group, visit: http://www.mercomcapital.com.  To get a copy of Mercom’s popular market intelligence reports, visit: http://mercomcapital.com/market_intelligence.php.

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