Health IT Presence Swells at Angel and Venture Investor ConferenceOctober 4, 2013 – In The News
Michael Harrington was quoted in the MedCity News article "Health IT Presence Swells at Angel and Venture Investor Conference." While the full text can be found in the October 4, 2013, issue of MedCity News, a synopsis is noted below.
Digital health venture has surged in 2013 with deals in the third quarter already surpassing 2012. Underscoring that trend, health IT companies will have an increased presence at the upcoming IMPACT Venture Summit, the premiere entrepreneurial conference in the Mid-Atlantic region.
This year’s conference is split into dedicated tracks for health IT, health care and technology. Michael Harrington, chairman of the 2013 conference, said the majority of angel investors are continuing to invest upstream in Series B rounds and decreasing early stage investment.
“Drug development companies, particularly earlier stage companies that need significantly more capital to get going – most of them are struggling,” said Harrington.