Semantic web technologies offer a potential mechanism for the representation and integration of thousands of biomedical databases. Many of these databases offer cross-references to other data sources, but these are generally incomplete and prone to error. In this paper, we conduct an empirical analysis of the link structure of life science Linked Data, obtained from the Bio2RDF project. Three different link graphs for datasets, entities and terms are characterized by degree, connectivity, and clustering metrics, and their correlation is measured as well. Furthermore, we utilize the symmetry and transitivity of entity links to build a benchmark and evaluate several popular entity matching approaches. Our findings indicate that the life science data network can help find hidden links, can be used to validate links, and may offer a mechanism to integrate a wider set of resources to support biomedical knowledge discovery.