Total medical devices industry M&A deals worth $2.3bn were announced globally in June 2021, led by Tecan Group’s $1bn acquisition of Paramit, according to GlobalData’s deals database.
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The value marked a decrease of 45.1% over the previous month of $4.15bn and a drop of 64.9% when compared with the last 12-month average, which stood at $6.49bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.17bn. At the country level, the US topped the list in terms of deal value at $1.17bn.
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 June 2021 was the US with 19 deals, followed by the Germany with four and China with two.
In 2021, as of June, medical devices M&A deals worth $37.7bn were announced globally, marking an increase of 695.7% year on year.
medical devices industry M&A deals in June 2021: Top deals
The top five M&A deals accounted for 95.7% of the overall value during June 2021.
The combined value of the top five medical devices M&A deals stood at $2.18bn, against the overall value of $2.3bn 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 $612.8m acquisition of Thyrocare Technologies by 91streets Media Technologies
3) Veracyte’s $317.38m acquisition of HalioDx
4) The $131m acquisition of Propel Orthodontics by Dentsply Sirona
5) So-Young International’s acquisition of Wuhan Miracle Laser Systems for $122.4m.
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.