Analysis of the key themes driving M&A activity reveals that artificial intelligence accounted for 9 medical devices deals announced in Q4 2023, worth a total value of $251.1m. The $194.4m acquisition of Volpara Health Technologies by Lunit was the industry’s largest disclosed deal. GlobalData’s Medical Devices Industry Mergers and Acquisitions Deals by Top Themes in 2023 report helps understand the pivotal themes steering M&A activity in the industry. Buy the report here.
In value terms, artificial intelligence-related deal activity increased by 3487% in Q4 2023 compared with the previous quarter’s total of $7m and rose by 79% as compared to Q4 2022. Related deal volume increased by 29% in Q4 2023 versus the previous quarter and was 10% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Bank of America; Chestnut Partners; Condor Trading with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Barnes and Associates; Cleary Gottlieb Steen & Hamilton; Cooley with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Medical Devices Industry Mergers And Acquisitions Deals By Top Themes In 2023 – Thematic Intelligence, buy the report here.
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