Venture capital dollars are going to healthcare in Florida — 5 things to know

Written by Laura Dyrda | April 17, 2015 | Print  |

Florida-based companies are receiving around $89.7 million in venture capital investment, with a large portion going to healthcare-related companies, according to a Miami Herald report.

OrthoSensor, a company focused on smart orthopedic devices, received $19 million while Pure Life Renal of Hollywood, a dialysis company, raised $10.5 million.

 

Here are five things to know:

 

1. South Florida healthcare companies received $45.2 million in venture capital funding.

 

2. Companies that raised a smaller amount include Vigilant BioSciences and USARAD.

 

3. Life science interests is on the uptick and there is a big increase in platform companies and virtual biotech companies that partner with research organizations instead of establishing their own labs.

 

4. As an industry with a $3 trillion annual that isn't likely to change quickly, investors see healthcare as a huge opportunity.

 

5. Nationally, venture capitalists invested $13.4 billion in the first quarter of 2015, covering 1,020 deals. This is down from the fourth quarter of 2014, but the fifth consecutive quarter of more than $10 billion.

 

More articles on orthopedic devices:
5 key trends in the surgical, operating microscope market
French university hospital adopts PediGuard
42 orthopedic, spine devices receive FDA 510(k) clearance in March

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