By the Numbers
# Digital Health Companies
0
Number of companies listed in the Georgia Digital Health Ecosystem today
# of Core Digital Health Companies
0
Number of core Digital Health companies in the ecosystem today
# of Community Companies
0
Number of companies in the broader Georgia Digital Health ecosystem today
# Companies HQed
in GA
352
Number of Digital Health companies headquartered in Georgia
Employment
44,000
Number of Digital Health Employees in Georgia (2021)
Revenue
$11.8B
Estimated Digital Health Revenue in Georgia (2021)
Investment
$1.1B
Estimated investments in Georgia Digital Health companies (last 4 years)
M&A Activity
10
Number of key mergers and acquisitions involving Georgia Digital Health companies (2018-2024)
Top Investments
- Loyal – $33.5m from Concord Health Partners and multiple strategic investors
- EarliTec Diagnostics – $21.5m from Nexus NeuroTech Ventures and Venture Investors Health Fund
- Micron Biomedical – $23.6m from several
- OXOS Medical – $23m ($46m in total) from ATDC, Sequoia Capital and several others
- Nyra Medical – $20m from Broadview Ventures, GRA Venture Fund and Vensana Capital
- Azalea Health – $45m ($87m in total) from ATDC, InterSouth Partners, LLR Partners, and SE Investor Group
- Motivo Health – $14m ($17m in total) from several
- Reframe – $17m from several
- Vital.io – $25m ($46m in total) from several
- Codoxo – $20m ($30m in total) from QED, Sands Capital Management, 111 West Capital, Brewer Lane, Spider Capital and GRA Venture Fund
- Gozio investment by Morgan Stanley Fund
Top Mergers and Acquisitions in recent years
- Hearst acquired Qgenda from Francisco Partners (August 2024)
- HID acquired Vizzia Technologies (July 2024)
- SnapNurse (Snapcare) acquired Medecipher Inc. (2024)
- Change Healthcare acquired by Optum (2022)
- Jvion acquired by Lightbeam Health Solutions (2022)
- PREMEDEX acquired by SCP Health (2022)
- CIOX merged with Datavent (2021)
- FinThrive acquired TransUnion Health (2021)
- ProCare Rx acquired MC-21 (2020)
- Qgenda received strategic investment from ICONIQ Capital (2020)
- Surgical Info Systems, Inc acquired by KKR (2020)
- Nuesoft acquired by AdvancedMD (Marlin portfolio company) (2018)
Georgia Digital Health Focus Area
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2023 Compensation Data:
South Atlantic Region vs US Median Base Salaries
| C-Suite | Sr. VP | VP | Director | |
|---|---|---|---|---|
| CEO | 128% | N/A | N/A | N/A |
| Operations | 140% | 118% | 94% | 89% |
| BD / Growth | 100% | 88% | 110% | 85% |
| Sales / Revenue | 99% | 88% | 108% | 76% |
| Client Success | 100% | 95% | N/C | N/C |
| Marketing | N/C | 97% | 97% | 97% |
| Product | 126% | 115% | 93% | 106% |
| Technology | 104% | 102% | 96% | N/C |
Source: Aequitas Partners Digital Health Compensation Survey | Survey data gathered from September 21, 2023 through November 3, 2023.</>