Health, Biomedical Industries in Silicon Valley Experience Boost in Sales, Profits and Hiring
Silicon Valley-based health and biomedical companies experienced a 15.5%, or $4.4 billion, bump in profits in 2013, while hiring by 5%. In addition, the health and biomedical industries grew at double the rate of the Silicon Valley 150, with an 8% increase in sales, or $23.4 billion, compared with 2012.
- "Health, Biomedical Sectors Saw 15 Percent Growth in Profit" (Nakaso, San Jose Mercury News, 4/12).