Healthcare DIVE July 30, 2021
- Spurred by the COVID-19 pandemic, investments in telehealth reached a record $5 billion in the second quarter of this year, according to a new report by CB Insights. The investments are more than double what they were in the second quarter of 2020. Six telehealth firms also reached unicorn status.
- However, it appears the sector is reaching a level of maturity. According to CB Insights, late-stage investments outpaced money going into early-stage deals. Moreover, investor exits also reached a record high.
- Investments in traditional telemedicine platforms also saw an investment decline, with virtual care, remote monitoring and telepharmacy reaping growing shares of investments. Nevertheless, providers are still investing heavily in telemedicine to improve the experience for their...