Medical devices industry M&A deals in July 2019 total $5.01bn globally

16 August 2019 (Last Updated August 16th, 2019 10:05)

Medical devices industry M&A deals in July 2019 total $5.01bn globally

Total medical devices industry M&A deals in July 2019 worth $5.01bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 24.6% over the previous month and a rise of 40.5% when compared with the last 12-month average, which stood at $3.57bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $5bn. At the country level, the US topped the list in terms of deal value at $5bn.

In terms of volumes, North America emerged as the top region for medical devices industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in July 2019 was the US with 22 deals, followed by Germany with three and Canada with two.

In 2019, as of the end of July 2019, medical devices M&A deals worth $28.38bn were announced globally, marking an increase of 107.9% year on year.

Medical devices industry M&A deals in July 2019: Top deals

The top five medical devices industry M&A deals accounted for 97.8% of the overall value during July 2019.

The combined value of the top five medical devices M&A deals stood at $4.9bn, against the overall value of $5.01bn recorded for the month.

The top five medical devices industry deals of July 2019 tracked by GlobalData were:

1) Exact Sciences’ $2.8bn acquisition of Genomic Health

2) The $1.17bn acquisition of BioTek Instruments by Agilent Technologies

3) Cantel Medical’s $775m acquisition of Hu-Friedy Manufacturing

4) The $90m asset transaction with Boston Scientific by Varian Medical Systems

5) InVitae’s acquisition of Jungla for $65m.

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.