Analysis of the key themes driving M&A activity reveals that digitalization accounted for 5 medical devices deals announced in Q2 2023, worth a total value of $270m. The $170m merger of Rosecliff Acquisition Corp I and Spectral MD and Future Health was the industry’s largest disclosed deal. GlobalData’s Medical Devices Industry Mergers and Acquisitions Deals by Top Themes in Q2 2023 report helps understand the pivotal themes steering M&A activity in the industry. Buy the report here.
In value terms, digitalization-related deal activity increased by 1292% in Q2 2023 compared with the previous quarter’s total of $19.4m and fell by 78% as compared to Q2 2022. Related deal volume decreased by 29% in Q2 2023 versus the previous quarter and was 29% lower than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Bagzibagli Erdem & Sahin; CMS Legal Services EEIG; Dentons UK and Middle East with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Medical Devices Industry Mergers And Acquisitions Deals By Top Themes In Q2 2023 – Thematic Intelligence, buy the report here.