Digital Health Funding Drops 31% in Q3

After reaching record levels in 2021, digital health funding was down 31 percent in the third quarter of 2022, Becker’s notes, citing a new CB Insights report.

The industry raked in $5 billion in funding in Q3, down from $7.2 billion in Q2. The industry’s funding peak since 2018 was $16.8 billion in the second quarter of 2021. Meanwhile, the 419 deals in Q3 were the fewest since CB Insights started tracking the data in 2018. Fifty-five percent of the deals were in the U.S., also a high.

In addition, the number of new unicorns, as well as mergers and acquisitions, was down. As in 2021, the average median deal size so far this year has been $4 million. Read more.

Total
0
Shares
Related Posts
Read More

MedPAC in no Rush to Recommend Major Hospital Medicare Payment Increases Despite Industry Pleas

In an accompanying letter to Congress, MedPAC Chair Michael Chernew, Ph.D., said “the Commission is acutely aware of how providers’ financial status and patterns of Medicare spending varied in 2020 and 2021 from historical trends, as well as the higher and more volatile increases in input costs for several health care sectors that occurred during 2022.”