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from my understanding, it's a healthcare investors conference where investors meet companies (both public and private), esp those looking to fund raise.
My wife was there last year. There are a lot of investment opportunities. Plenty of dinners and meetings away from the conference. It's the whole drinking from a fire hose as there is too much to see and do.
My favorite conference-that-is-not-really-a-conference is Pacific Symposium on Biocomputing. The bar to get a paper in is really low, and it's set at a nice resort in Hawaii. The whole conference would just empty out all day so people could go to beaches, etc. It starts on a Friday and ends on a Monday. About the only highlight for me was sitting down at the bar and spontaneously meeting Lynn Conway- "what do you do?" "oh, I worked on VLSI...."
What an incredible read.
I've been inside the conference- I used to do due diligence and discovery for Google Ventures and they gave me a ticket one year. The "talks" were eminently forgettable ("we put this in X people and Y died") and the power meetings were... also fairly forgettable. A lot of it is just puffery, and a lot of the dealmakers have no real understanding of the area they are in (softbank seems to be the place where bad ideas…
Reminds me of Kurt Vonnegut - what a wonderful and absurd article