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  1. Deals Analysis
November 10, 2020

North America’s medical devices industry sees a drop of 7.9% in deal activity in Q3 2020

North America’s medical devices industry saw a drop of 7.9% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 244 deals worth $93.96bn were announced for the region during Q3 2020, against the last four-quarter average of 265 deals.

Of all the deal types, venture financing saw most activity in Q3 2020 with 159, representing a 65.2% share for the region.

In second place was M&A with 59 deals, followed by private equity deals with 26 transactions, respectively capturing a 24.2% and 10.7% share of the overall deal activity for the quarter.

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In terms of value of deals, M&A was the leading category in North America’s medical devices industry with $89.65bn, while venture financing and private equity deals totalled $2.63bn and $1.68bn, respectively.

North America medical devices industry deals in Q3 2020: Top deals

The top five medical devices deals accounted for 93.7% of the overall value during Q3 2020.

The combined value of the top five medical devices deals stood at $88.01bn, against the overall value of $93.96bn recorded for the quarter.

The top five medical devices industry deals of Q3 2020 tracked by GlobalData were:

1) Vilex in Tennessee’s $62bn acquisition of DT MedTech

2) The $16.4bn acquisition of Varian Medical Systems by Siemens Healthineers

3) Illumina’s $8bn acquisition of Grail

4) The $825m private equity deal with NN by ASP Navigate Acquisition

5) Patricia Industries’ acquisition of Advanced Instruments for $780m.

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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