11% of venture capital was invested in health services

Health services and health information technology garnered about 11% of 2004 venture capital investment, or $687 mln, according to PricewaterhouseCoopers Health Research Institute. That’s up 43% from 2003, a much faster rate of growth than other, larger life sciences segments such as biopharmaceuticals and medical devices. Despite the banner year overall, Ч4 2004 investment dragged. Only $167 mln went to health care services and technology, that’s down by 8% from the fourth Q in 2003.