Total medical devices industry deals for March 2019 worth $1.63bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 74.5% over the previous month and a drop of 64.7% when compared with the last 12-month average of $4.62bn.
In terms of number of deals, the sector saw a rise of 8.3% over the last 12-month average with 117 deals against the average of 108 deals.
In value terms, North America led the activity with deals worth $789.6m.
Medical devices industry deals in March 2019: Top deals
The top five medical devices deals accounted for 70.01% of the overall value during March 2019.
The combined value of the top five medical devices deals stood at $1.14bn, against the overall value of $1.63bn recorded for the month. The top announced medical devices deal tracked by GlobalData in March 2019 was Eurazeo’s $339.05m private equity deal with Dutch Ophthalmic Research Center International.
In second place was the $285m acquisition of PowerVision by Alcon Laboratories and in third place was Pacira Pharmaceuticals’ $220m acquisition of MyoScience.
The $220m acquisition of Ortho-Space by Stryker and Varex Imaging’s acquisition of Direct Conversion for $76.74m 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.