June 27, 2011
Digital Assent announced a $7.5 million second round of funding for their tablet-based, patient check-in service. Sanan Private Equity, the BIP Opportunities Fund and Buckhead Investment Partners (BIP) led the round. Return backers include Imlay Investments and BLH Venture Partners, which led the first round of funding for the company earlier this year. According to SEC documents, the company...
May 3, 2011
By Don Ross, Managing Director & Founder, HealthTech Capital
Early-stage investors in traditional healthcare companies are certainly having a tough time these days. Many biotech, diagnostic and medical device firms have simply become too risky, as the current uncertain FDA regulatory environment increases cost and time to exit. In fact, venture funding for these companies fell during the...
March 28, 2011
A report in the Venture Capital Journal thinks so.
Last month Epocrates, which offers one of the most popular medical apps for healthcare professionals, raised about $86 million in an initial public offering. Its stock rose 38 percent in its first day of trading. The success of Epocrates and its large user base of US healthcare professionals -- 45 percent of all practicing physicians in the...