Nashville’s healthcare market is booming — 6 things to know
Mary Rechtoris | Becker’s Review
Healthcare companies looking to grow should head to Nashville as the region’s healthcare companies received upwards of $940 million in venture capital investments from 2005 to 2015, according to The Tennessean.
Here are six things to know:
- Over the past 11 years, healthcare investments comprised nearly 60 percent of Nashville’s $1.6 billion in capital investments, as a Nashville Capital Network and Nashville Health Care Council found.
- Investors have provided $627 million in 239 separate healthcare deals over the last six years. From 2005 to 2009, there were 51 healthcare deals totaling $315 million.
- Nashville Capital Network Executive Director Sid Chambless said the erupting healthcare market is due to an influx of entrepreneurship and a changing market due to the Affordable Care Act.
- Within the healthcare sector, information technology is a booming field with healthcare IT investments reaching $62.5 million in 2015, up from merely $2 million in 2009.
- Large companies including MTS Health Partners, UnitedHealth Group Ventures and Oak Investment Partners are actively investing in the region. However, Nashville’s venture capital growth is not nearly on the same scale as venture capital in New York, Boston or Silicon Valley, a Kauggman Foundation study showed.
- However, many industry leaders say the upsurge in investments is indicative of Nashville’s future as a leader in healthcare IT and innovation.
