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BOSTON – Information technology, remote monitoring and technology connected to genomics and diagnostics are all appealing investments, the executives of three investment entities said Monday at the Center for Connected Health symposium.
The event, organized by a division of Partners HealthCare, drew more than 1,000 attendees to Boston.
The investors - principals of an angel group, a venture capitalist firm and Partners HealthCare Foundation - said the country's current economic woes are having an effect on how they look at investments.
Michael Greeley, general partner of Flybridge Capital, which manages a $600 million fund, suggested there would be less total venture capital available for investment in the near future. The total is already down from $30 billion to $20 billion this year, and Greeley expects it to drop to $15 billion in 2009.
He also forecast a "high mortality rate" among existing companies - yet rang a positive note for innovation amid the gloom.
"It's still a great time to start companies," he said.



