In 2020 and 2021, investors were taking risks amid low interest rates and there was a mammoth influx of investment dollars into startups. They were willing to pay more amid high valuations to get a piece of innovative healthcare businesses.
Now, all that has changed, MedCity News reports. In fact, the healthcare industry experienced an acute slowdown in the investment space last year. The investment slowdown was so severe that the fourth quarter of 2022 marked the lowest quarterly digital health funding total —$3.4 billion — in the past five years. That’s according to a report released Tuesday by research and data company CB Insights. Q4 was also the first quarter with no new unicorn births since 2018. Read more.
