Michigan moves up to third in VC investment in healthcare

Thursday, February 11, 2010 | Source: metromode
While most sectors in Michigan retreated and regrouped in 2009, local health-care start-ups largely held their ground.

The latest BioEnterprise Midwest Health Care Venture Investment Report shows that Michigan maintained its total amount of investments at just over $100 million, allowing it to move from fourth to third in the Midwest rankings. The number of deals grew to 14 in 2009, up two from the prior year.

The Detroit-Ann Arbor region ranked third in Midwestern metro areas for health-care venture investment, with $68.8 million in investment from seven deals. That ranking is up from fifth in 2008 and much higher from its basement-dwelling time before that. The region did do one less deal and had about $20 million less in investment compared to 2008.

Midwest health care startups reported $780 million in total investments across 156 companies through 2009. Minnesota led the way in the rankings, with Michigan and Ohio making up the second tier.

Source: BioEnterprise
Writer: Jon Zemke
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Healthcare, Investment, Venture Capital 

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