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Why have billion dollar digital health companies struggled since the pandemic?

Lloyd Price

There were 368 deals in the digital health space in 2018, with an average deal size of $22.2 The largest funding rounds in 2018 went to companies working on healthcare technology solutions such as Rhythm Pharmaceuticals, which raised $151 million, and Modernizing Medicine, which raised $231 million.

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Average Multiples and Key Drivers of Digital Therapeutics (DTx) M&A deals in 2023

Lloyd Price

Here are some additional insights into DTx M&A deals in 2023: The most active acquirers in the DTx M&A market are pharmaceutical companies, followed by technology companies. The most active subsectors for DTx M&A deals are mental health, oncology, and diabetes.