More than a billion dollars of mergers and acquisitions and more than $347M million of public and private capital to fund new developments fueled a strong first quarter in Medical Alley. Boosted by the return of the Angel Tax Credit Program (ATCP), 43 companies raised $109 million in private capital and $238 million was raised in the public markets. Put together, Medical Alley’s first quarter laid the groundwork for another record-breaking year of healthcare innovation.
Medical Alley is The Global Epicenter of Health Innovation and Care®, where healthcare leaders call home. In Medical Alley, you will find the world’s leading health technology innovation cluster, the highest ranked hospital, and the globally recognized Destination Medical Center. Medical Alley is also home to the nation’s largest private health insurer and more than 1,000 healthcare companies, employing more than 500,000 Minnesotans and millions more worldwide. Medical Alley has history. It is the birthplace of implantable medical technology, collaborative care delivery and innovative health plan models. The Smithsonian has recognized six “Great Places of Invention” in the U.S., including only one for healthcare, Medical Alley.