Venture capital funding for healthcare services companies climbed by 80% to $219 million in the second quarter of this year compared with funding of $122 million in the first quarter, according to PricewaterhouseCoopers. But that total is down 28% from the second quarter of 2004, when funding for healthcare services was $305 million, according to Pricewaterhouse. Funding for medical device companies fell 4% to $426 million in the second quarter compared with first-quarter funding of $445 million, and fell about 16% compared with the second quarter of 2004 funding of $510 million.
Pricewaterhouse said total healthcare venture capital funding jumped 47.6% to $1.77 billion in the second quarter of this year when compared with the $1.2 billion total in the first quarter of 2005. When compared with the second quarter of 2004, funding is down 3.4% from $1.83 billion. -- by Paul Barr