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  1. Deals Analysis
March 22, 2022

Medical Devices industry deals total $3.8bn globally in February 2022

By Nikitha Ladda

Total medical devices industry deals worth $3.8bn were announced globally for February 2022, with the $556.1m private equity deal for 60.8% stake with Classys being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 63.1% over the previous month of $10.4bn and a drop of 76.2% when compared with the last 12-month average of $16.12bn.

In terms of number of deals, the sector saw a rise of 1.04% with 194 deals in February 2022 when compared to the last 12-month average of 192 deals.

In value terms, North America led the activity with deals worth $2.21bn in February 2022.

medical devices industry deals in February 2022: Top deals

The top five deals accounted for 40.7% of the overall value during February 2022.

The combined value of the top five deals stood at $1.56bn, against the overall value of $3.8bn recorded for the month.

The top five medical devices industry deals of February 2022 tracked by GlobalData were:

1) Bain Capital Private Equity $556.1m private equity deal for 60.8% stake in Classys

2) The $325m venture financing of Somatus by Anthem,Blue Venture Fund,Deerfield ManagementLP,Fidelity Management & Research,Flare Capital Partners,General Insuranceof India,Inova Health System,Longitude Capital Management Co,Optum Ventures,RA Capital Management and Wellington ManagementLLP

3) Altaris Capital Partners $241m private equity deal with IntriCon

4) The $227.57m acquisition of 9.07% stake in Cardiac Insight by Dreamtech

5) South Elm Investments B V $210m private equity deal with Micro Life Sciences

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Verdict deals analysis methodology

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.

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