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  1. Deals Analysis
February 18, 2022

Medical Devices industry cross border M&A deals total $592.6m globally in January 2022

By Nikitha Ladda

Total medical devices industry cross border M&A deals worth $592.6m were announced globally in January 2022, led by ConvaTec Group’s $450m acquisition of Triad Life Sciences, according to GlobalData’s deals database.

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The value marked a decrease of 57.4% over the previous month of $1.39bn and a drop of 66.3% when compared with the last 12-month average, which stood at $1.76bn.

Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $585m. At the country level, the US topped the list in terms of deal value at $585m.

In terms of volumes, Europe emerged as the top region for medical devices industry cross border M&A deals globally, followed by North America and then South and Central America.

The top country in terms of cross border M&A deals activity in January 2022 was the US with five deals, followed by the UK with four and Germany with two.

In 2022, as of January, medical devices cross border M&A deals worth $592.62m were announced globally, marking an increase of 67.6% year on year.

medical devices industry cross border M&A deals in January 2022: Top deals

The top three cross border M&A deals accounted for 99.9% of the overall value during January 2022.

The combined value of the top three medical devices cross border M&A deals stood at $592.12m, against the overall value of $592.6m recorded for the month.

The top three medical devices industry cross border M&A deals of January 2022 tracked by GlobalData were:

1) ConvaTec Group $450m acquisition deal with Triad Life Sciences

2) The $135m acquisition of Engage Surgical by Smith & Nephew International

3) Prolight Diagnostics $7.12m acquisition deal with Psyros Diagnostics.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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