PE investments grow threefold in health tech

Sequoia Capital India and others, in April, invested about $20 million in HealthEngine, another online platform for patients to fine, book and manage medical appointments

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Novartis is addressing the pricing question with a new type of agreement: For patients whose care is covered by the US govt programmes, the company will only get paid if patients show signs that the treatment is working within a month | Photo: istock

Gireesh Babu Chennai

Last Updated : Dec 23 2017 | 11:40 PM IST

Investments in health care technology in the first 11 months of 2017 have seen close to three-fold growth, worth $258 million in 24 deals, as against $89 million in 33 deals during the comparable period last year.

In terms of value health technology firms have surpassed the full-year investments of $115 million in the segment, while 2016 saw 36 investments, according to data from research firm Venture Intelligence.

The sector is seeing a growth in investment as investors are putting in money, showing confidence in the technologies and opportunity in the market, said an industry expert.

The segment witnessed some of the major