Venture capital firm sets $250 million for health IT

Another private equity firm joined the health IT investment party this week. This time it's Galen Partners, a firm focused on healthcare investments, which has raised a whopping $250 million to pursue such opportunities. The fund, which will invest in HIT, outsourcing, medical devices and specialty pharma companies, is partially supported by Siemens Venture Capital, the venture arm for device and software maker Siemens AG.

The new $250 million fund will focus on investments between $10 million to $30 million per deal. At those funding levels, the money is unlikely to go to seed- or Series A-level companies; if other VCs take their lead, the climate for startup IT firms may not be changing much. But the investment still represents a further surge of confidence in the future of health IT.

To learn more about the fund:
- read this Healthcare IT News piece

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