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.
A Year in Review: A comprehensive look at UPMC Enterprises 2020
Over the last year, UPMC Enterprises, our portfolio companies, and select partners have all supported UPMC’s mission of Life Changing Medicine. In the booklet below, we have compiled highlights from a truly unique year and recognize the team members and projects that have enabled our success.
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