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Minnesota, Missouri see continuing health care investments; Wisconsin lags

Cleveland, Ohio — Midwest health care start-ups continued to show strength in the third quarter of 2005, attracting 21 percent more investment dollars than in the second quarter, compared to just a 4 percent rise nationally, according to the Midwest Health Care Venture Investment Report released by BioEnterprise.

In Wisconsin, however, where venture capital firms are all towards the end of their investment cycles, there was no significant investment activity for the third quarter.

Overall, Midwestern states saw investments of $144 million, up from $119 million in the second quarter, with Minnesota and Missouri leading the way. Michigan surged to third place for the quarter driven by a single firm that raised $30 million. Overall, Minnesota, Ohio and Missouri continued to lead the region for investments in 2005.

Year-to-date, Minnesota, Ohio and Missouri are top-ranked in the Midwest, with respective totals of $135 million, $75 million, and $72 million invested. The totals do not include private, angel-financed health care deals, which can be significant in all states.

States reporting little or no funding during the third quarter include Indiana, Iowa, Kansas, Kentucky, and Wisconsin.

Click here to read a previous WTN article on BioEnterprise reports

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