Total medical devices industry deals for April 2019 worth $1.3bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 22.3% over the previous month and a drop of 69.9% when compared with the last 12-month average of $4.3bn.
In terms of number of deals, the sector saw a rise of 7.3% over the last 12-month average with 117 deals against the average of 109 deals.
In value terms, North America led the activity with deals worth $963.04m.
Medical devices industry deals in April 2019: Top deals
The top five medical devices deals accounted for 42.3% of the overall value during April 2019.
The combined value of the top five medical devices deals stood at $548.79m, against the overall value of $1.3bn recorded for the month. The top announced medical devices deal tracked by GlobalData in April 2019 was Medline Industries’ $167.5m asset transaction with AngioDynamics.
In second place was the $120m acquisition of GenePOC by Meridian Bioscience and in third place was Oberland Capital Management’s $100m private equity deal with NorthStar Medical Radioisotopes.
The $94.63m acquisition of Aimedic MMT by Bando Chemical Industries and Revenio Italy’s acquisition of CenterVue for $66.66m held fourth and fifth positions, respectively.
This analysis considers only announced and completed 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.