Venture capital firms are still reeling from a major stock market plunge.
Here’s what you need to know.
(Published Monday, March 11, 2018)But, there’s one company that seems to have had a good year this year.
Venture capital firm Envision Capital has announced it’s buying out San Antonio’s Medscape Health for $1.4 billion.
Envision is the first large medical center in the U.S. to be acquired by venture capital firm Venture Capital, which has become the go-to source for tech companies looking to take on big, early-stage deals.
San Antonio is home to a huge number of healthcare startups.
The San Antonio Medical Center (SAMS), the nation’s oldest healthcare center, is a leader in the field.
Its first doctor, Dr. James A. Baugh, died in 2015 at age 90.
Baugh had been a prolific researcher and patient advocate.
In the early 1990s, he founded the San Antonio Bioinformatics Institute (SABI), a non-profit focused on data science and analytics.
He also cofounded the University of Texas Health Science Center at San Antonio.
He was also a member of the San Francisco Bay Area Board of Supervisors and the Board of Trustees of San Francisco General Hospital.
Byrd, who had been with San Antonio for about 20 years, had been named to San Antonio Hospital’s Board of Directors in 2006 and 2007.
He led the hospital’s effort to improve the health of its patients through the San Carlos Hospital and the University Hospital.
In 2011, San Antonio was named one of the “Top 50 Best Hospitals in America” by Forbes magazine, with the distinction of being the only hospital in the country to receive a perfect score.
San Antonio is also a leader when it comes to healthcare access, ranking in the top 10 in the nation in the number of residents with healthcare coverage, according to the American Hospital Association.
The deal comes as healthcare costs continue to soar across the U:In 2017, healthcare spending jumped 9.2% to $11.3 trillion, according the Kaiser Family Foundation.
According to the Department of Health and Human Services, healthcare costs rose 9.4% from 2016 to 2017.
But overall spending for healthcare in the United States was down 9.1% from the previous year.