Navigation Links
Midwest Healthcare Startups Raise $996 Million in 2012
Date:1/7/2013

CLEVELAND, Jan. 7, 2013 /PRNewswire/ -- Midwest healthcare companies attracted $996 million in new investments across 182 companies in 2012 according to the BioEnterprise Midwest Healthcare Venture Investment Report.  The total dollars attracted is up by twenty-three percent from 2011. Ohio ($292 million), Minnesota ($165 million), and Illinois ($146 million) led Midwestern states in attracting investment dollars; Cleveland, Minneapolis, and Chicago were the leaders among Midwest regions.

(Logo:  http://photos.prnewswire.com/prnh/20101028/DC90488LOGO )

"Investment activity in Midwest healthcare deals continues its upward trend, outperforming previous years' activity for 3 years in a row.
As with the rest of the country, Midwest healthcare investing fell dramatically in 2009 after strong years in 2007 and 2008, but it appears investors are again optimistic about Midwest deals. 2013 should be an interesting year to watch," said Aram Nerpouni, Interim President of BioEnterprise, the Cleveland biomedical accelerator.

By sector, the 2012 equity funding was allocated as follows:

  • Medical device companies:  $309 million (32%)
  • Healthcare IT and service companies: $177 million (18%)
  • Biopharmaceutical companies: $487 million (50%)
  • "The Midwest typically sees more medical device companies than either healthcare IT or biopharmaceutical; however, biotech saw the largest influx of dollars in 2012 as investors continue to focus on  later stage biotech opportunities," said Nerpouni.  "Investment activity in Midwest healthcare IT remains robust as investors are drawn by payers and providers searching for applications to improve patient outcomes and efficiencies."

    The Midwest Healthcare Venture Investment Report includes all reported numbers and regionally collected data. For complete state and region results across the Midwest, see the attached table. To view additional data about Midwest healthcare business activity visit www.bioenterprise.com/Reports/.

    Table:  Midwest Healthcare Venture Investment (By State)State20122011201020092008$ Millions# of Cos.$ Millions# of Cos.$ Millions# of Cos.$ Millions# of Cos.$ Millions# of Cos.Illinois146.2

    10

    44.2

    9

    160.9

    11

    38.9

    8

    97.3

    13Indiana64.7

    11

    14.1

    9

    25.05

    16

    76.3

    14

    75.4

    7Iowa-

    -

    -

    -

    7.3

    1

    36.8

    3

    4.0

    1Kansas-

    -

    18.5

    2

    14.5

    13

    4.3

    5

    16.9

    9Kentucky33.8

    4

    11.5

    7

    11.4

    4

    97.3

    7

    19.2

    6Michigan107.1

    16

    30.8

    16

    76.3

    12

    102.2

    14

    105.0

    12Minnesota164.7

    17

    223.3

    24

    138.7

    20

    199.0

    23

    318.9

    22Missouri57.2

    6

    168.7

    9

    19.9

    9

    65.8

    8

    50.2

    11Ohio291.7

    70

    177.8

    67

    147.2

    47

    105.4

    40

    189.1

    43Western Pennsylvania 81.5

    37

    67.0

    25

    86.2

    20

    37.8

    24

    126.2

    33Wisconsin48.8

    11

    53.8

    9

    51.3

    9

    16.2

    10

    48.5

    8Total995.7182809.7177738.8162780.01561,050.7165Table:  Midwest Healthcare Venture Investment (By Region)*Region20122011201020092008$ Millions# of Cos.$  Millions# of Cos.$  Millions# of Cos.$ Millions# of Cos.$
    Millions# of Cos.Chicago146.2

    9

    44.2

    9

    160.9

    11

    38.9

    8

    97.3

    13Indianapolis64.7

    10

    11.5

    7

    18.5

    9

    41.2

    9

    73.0

    6Louisville7.9

    3

    11.4

    6

    11.4

    4

    2.5

    4

    13.4

    3Detroit-Ann Arbor107.1

    15

    23.0

    10

    46.5

    8

    68.8

    7

    89.0

    8SW Michigan-

    -

    7.8

    6

    29.8

    4

    14.5

    5

    16.0

    2Minneapolis162.4

    15

    223.3

    24

    138.7

    20

    199.0

    23

    318.9

    22St. Louis57.2

    6

    112.7

    8

    18.9

    9

    27.8

    7

    47.2

    10Kansas City*-

    -

    18.5

    2

    15.4

    13

    42.3

    6

    19.9

    10Cincinnati*77.3

    12

    37.3

    6

    8.5

    4

    121.2

    8

    19.2

    2Cleveland226.5

    43

    124.7

    40

    135.1

    33

    66.3

    21

    163.5

    31Columbus13.3

    11

    15.1

    19

    3.1

    5

    12.4

    13

    6.4

    10Pittsburgh81.5

    37

    67.0

    25

    86.2

    20

    37.8

    24

    126.2

    33Wisconsin48.8

    11

    53.8

    9

    51.3

    9

    16.2

    10

    48.5

    8* Border MSAs such as Kansas City and Cincinnati include deals from both states in those geographies; deals are aggregated into state totals based on the MSA's principal state

    **Regions' totals do not equal states as not all areas are included in list of regions

    Sources: Compiled by BioEnterprise from Venture Wire, Private Equity Week, Wall Street Journal, Venture Source, SEC Filings, company press releases, www.biospace.com, and Midwest bioscience organizations and institutions.

    About BioEnterpriseBioEnterprise is a business formation, recruitment, and acceleration effort designed to support the growth of bioscience companies. Located in Cleveland, BioEnterprise provides management counsel and support services to healthcare companies. BioEnterprise partners are Case Western Reserve University, Cleveland Clinic, University Hospitals, Summa Health System, and the Austen BioInnovation Institute in Akron. Additional technology partners include the NASA Glenn Research Center, Cleveland State University, NorTech, and BioOhio.

    The initiative comprises the collective activities of BioEnterprise and its partners' commercialization offices:  the Case Office of Technology Transfer, Cleveland Clinic Innovations, University Hospitals Case Medical Center - Center for Clinical Research and Summa Enterprise Group.  The combined efforts of these groups has created, recruited, and accelerated more than 130 companies in ten years.


    '/>"/>
    SOURCE BioEnterprise Corporation
    Copyright©2012 PR Newswire.
    All rights reserved

    Related biology technology :

    1. Genetics Policy Institute (GPI) Collaborates on Second Midwest Conference on Stem Cell Biology and Therapy, Oct. 5-7 at Oakland University
    2. BioSpace Spotlights the growing Midwest Life Science Community
    3. Karmanos Cancer Center first in Midwest to offer latest Molecular Breast Imaging
    4. Sequenom Announces Participation at the Lazard Capital Markets 8th Annual Healthcare Conference
    5. Bayer HealthCares Cotavance® Drug Eluting Balloon With Paccocath® Technology Reduced Five-Year Target Lesion Revascularization Rates by 59 Percent in PAD Patients Compared to Those Treated With Uncoated Balloon
    6. Organovo to Present at Lazard Capital Markets 8th Annual Healthcare Conference
    7. Pharmasset to Present at the Lazard Capital Markets Healthcare Conference
    8. Sequenom Announces Participation at the 23rd Annual Piper Jaffray Healthcare Conference
    9. SuperNova Diagnostics® to Present at the 23rd Annual Piper Jaffray Healthcare Conference in New York City
    10. diaDexus, Inc. to Present at the Canaccord Genuity Healthcare Conference
    11. ViroPharma to Participate in Two December Healthcare Investor Conferences
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:5/16/2017)... ... (PRWEB) May 16, 2017 , ... ... Orthopaedic Surgeons (CAOS), long-standing development partners Invibio Biomaterial Solutions, UK, and China’s ... workshop to help expand knowledge of the implantation of Double Medical’s Direct ...
    (Date:5/15/2017)... N.J. (PRWEB) , ... May 15, 2017 , ... ... delivery technologies and development solutions for drugs, biologics and consumer health products, today ... company focused on rare genetic diseases, to support preclinical and clinical development of ...
    (Date:5/15/2017)... May 15, 2017  IBM (NYSE: IBM ) ... stretch double-stranded DNA molecules with the potential to ... This technology complements the IBM Research,s "lab-on-a-chip" ... as exosomes and which may also contain biomarkers ... an array of diamond shaped micropillars 1 ...
    (Date:5/11/2017)... May 11, 2017   BioLife Solutions , Inc. (NASDAQ: ... of proprietary clinical grade cell and tissue hypothermic storage ... "Company"), today reported operational highlights and financial results for the ... product sales reached a new high of $2.4 million in ... the same period in 2016. Revenue growth was driven by ...
    Breaking Biology Technology:
    (Date:4/17/2017)... Florida , April 17, 2017 NXT-ID, ... technology company, announces the filing of its 2016 Annual Report on ... and Exchange Commission. ... on Form 10-K is available in the Investor Relations section of ... as on the SEC,s website at http://www.sec.gov . ...
    (Date:4/11/2017)... Research and Markets has announced the addition ... their offering. ... tracking market to grow at a CAGR of 30.37% during the ... 2017-2021, has been prepared based on an in-depth market analysis with ... its growth prospects over the coming years. The report also includes ...
    (Date:4/5/2017)... -- The Allen Institute for Cell Science today announces the ... and dynamic digital window into the human cell. The ... of deep learning to create predictive models of cell ... growing suite of powerful tools. The Allen Cell Explorer ... available resources created and shared by the Allen Institute ...
    Breaking Biology News(10 mins):