Medical Devices industry M&A deals total $1.2bn in North America in June 2021

Total medical devices industry M&A deals worth $1.2bn were announced in North America in June 2021, led by Tecan Group’s $1bn acquisition of Paramit, according to GlobalData’s deals database.

The value marked a decrease of 0.9% over the previous month of $1.18bn and a drop of 79.6% when compared with the last 12-month average of $5.74bn.

North America held a 51.32% share of the global medical devices industry M&A deal value that totalled $2.28bn in June 2021. With a 51.32% share and deals worth $1.17bn, the US was the top country in North America’s M&A deal value across medical devices industry.

In terms of M&A deal activity, North America recorded 20 deals during June 2021, marking a flat growth over the previous month and a drop of 4.76% over the 12-month average. The US recorded 19 deals during the month.

North America medical devices industry M&A deals in June 2021: Top deals

The top five medical devices industry M&A deals accounted for 100% of the overall value during June 2021.

The combined value of the top five medical devices deals stood at $1.17bn, against the overall value of $1.17bn recorded for the month.

The top five medical devices industry M&A deals of June 2021 tracked by GlobalData were:

1) Tecan Group’s $1bn acquisition of Paramit

2) The $131m acquisition of Propel Orthodontics by Dentsply Sirona

3) Twist Bioscience’s $35m acquisition of iGenomX International Genomics

4) The $1.04m acquisition of MediSure Canada by Empower Clinics

5) Veris Health’s acquisition of Veris Health for $0.15m.