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  1. Deals Analysis
November 8, 2021

Medical Devices industry internet of things deals total $1.1bn globally in Q3 2021

Zoll Medical ’s $538m acquisition deal with Itamar Medical was the medical devices industry’s biggest internet of things deal of Q3 2021 as internet of things deals worth $1.1bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked an increase of 25.2% over the previous quarter and a rise of 96.6% when compared with the last four-quarter average of $549.34m.

In terms of number of internet of things deals, the sector saw a rise of 17.07% with 24 deals in Q3 2021 against the average of 20.50 deals in the last four-quarters.

In value terms, North America led the activity with internet of things deals worth $549.7m.

medical devices industry internet of things deals in Q3 2021: Top deals

The top five medical devices industry internet of things deals accounted for 88.5% of the overall value during Q3 2021.

The combined value of the top five internet of things deals stood at $953m, against the overall value of $1.1bn recorded for the quarter.

The top five medical devices industry internet of things deals of Q3 2021 tracked by GlobalData were:

1) Zoll Medical $538m acquisition deal with Itamar Medical

2) The $315m acquisition of VRI Intermediate Holdings by ModivCare

3) Bold Capital Partners,FMZ Ventures,Freestyle Capital,Industry Ventures,JPMorgan Chase and Leksell Social Ventures $38m venture financing deal with Meru Health

4) The $37m venture financing of NovaSignal by Alpha Edison and Reimagined Ventures

5) Advantage Capital,Morningside Ventures and Werth Family Investment Associates $25m venture financing deal with MedRhythms

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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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