By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    learn to recognize and treat yeast infections
    Most Commonly Asked Questions About Yeast Infections
    November 17, 2021
    Advanced lung cancer diagnosis systems used by doctors
    Advanced Lung Cancer Diagnosis Systems Used by Doctors
    March 6, 2022
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    June 13, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Chronic Disease Prevention Remains Top Priority
    September 9, 2017
    Worst Editorial of the Week Award
    September 13, 2017
    Are the Uninsured Getting a Free Ride?
    May 16, 2011
    Latest News
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Midwest Health Startups: Making More Deals but Drawing Less Money
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Midwest Health Startups: Making More Deals but Drawing Less Money
BusinessFinance

Midwest Health Startups: Making More Deals but Drawing Less Money

Deanna Pogorelc
Deanna Pogorelc
Share
2 Min Read
SHARE

health startupsFirst published in MedCtiyNews

More healthcare-focused companies in the Midwest saw infusions from venture investors in the first half of this year, but those investments totaled fewer dollars than last year.

health startupsFirst published in MedCtiyNews

More healthcare-focused companies in the Midwest saw infusions from venture investors in the first half of this year, but those investments totaled fewer dollars than last year.

More Read

Medical Press Releases, Online Marketing, Public Relations
Generating Press Release Ideas for Your Medical Practice
Promoting Safety Can Actually Help Your Medical Practice Retain Patients
Sorry Lipitor, You’re No Match for Generics
Seeking Holy Grail: Quest for Stem Cells from Embryos Continues
To Be Heard in Health Care, Choose Your Medium Wisely

All together, 117 companies raised $351 million in the first half of 2013. Aram Nerpouni, president and CEO of Cleveland business development group BioEnterprise, was quick to point out in the release of the data that the dollars invested leveled off after a banner year in 2012 ($491 million raised in the first half of last year), and the number of deals is at a five-year high.

More than half of the dollars, $188 million, came in the form of investments in medical device companies, which saw a boost from the first half of 2012. Biopharma, meanwhile, saw a huge dip in dollars after surging in the first half of last year ($84 million in 2013 v. $246 million in 2012).

Healthcare software and service companies also raised less money ($72 million) than they did in the first half of last year ($103 million).

Ohio landed at the top of the list of states bringing in the most dollars. Its numbers were bolstered by health IT company COMS Interactive ($21 million), P&G pharma spinout Akebia Therapeutics ($41 million) and medical device company Minimally Invasive Devices ($9 million). Minnesota tallied up significantly more deals than Ohio, though.

The Midwest also saw some new funds in the first quarter of 2013. St. Louis’ Cultivation Capital launched a $30 million life science fund, and Allos Ventures closed a second, $40 million fund for emerging technology companies.

BioEnterprise’s Midwest Health Care Venture Investment Report (PDF), released biannually, compiles venture investments reported through government filings, news stories, press releases and other bioscience organizations.

[Photo from Flickr user rastoney]

TAGGED:health start-ups!investors
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

9 Lifestyle Tweaks That Can Add Years to Your Life
9 Healthcare Lifestyle Tweaks That can Add Years to Your Life
lifestyle
July 11, 2025
car accident lawsuit
Let Your Lawyer Handle the Work Before You Pay Medical Costs
Policy & Law
July 6, 2025
women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025

You Might also Like

Who talks more? The Doctor or the Patient?: Infographic

March 15, 2012

Health Care Buzz Today

May 4, 2011
Handshake.jpg
BusinesseHealthSocial Media

How Practice Managers Can Get Physician Buy-In for Digital Marketing

April 22, 2016

Easy Giveaways to Grow Mindshare as a Healthcare Provider

November 18, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?