New England Investors Hot for Healthcare
Last year, VCs swarmed New England, raising the dollar volume of their healthcare-related investments by 44 percent over 2005, according to a report produced jointly by PricewaterhouseCoopers and the National Venture Capital Association. Deal volume likewise rose 21 percent in the region. In all, New England’s Health Industry sector received nearly $1.3 billion during 2006. “With an average of $10.6 million per deal, New England’s health industries 2006 average deal size was 13 percent higher than the $9.4 million national average,” the report notes, adding that nationwide health-related VC funding rose “from $3,862.3 million invested into 376 companies in 2005 to 423 companies receiving $4,510.7 million in 2006.”
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