Health systems remain interested in investing in digital health startups, despite a slowdown in activity in 2017 from potential buyers.
While last year saw record-breaking investments in digital health startups, it was the second year in a row of declining digital health startup acquisitions and, more importantly, the sector saw no initial public offerings in 2017, according to Rock Health, a digital health investment firm based in San Francisco.
Health system venture capital units are still seeking both longer-term investment opportunities and innovative ways to solve the industry’s chronic problems.
“I didn’t know about the trend, so I guess I must not be concerned,” said Tal Heppenstall, president of UPMC Enterprises and treasurer of its parent, Pittsburgh-based UPMC.
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