North America’s medical devices industry saw a drop of 25.66% in deal activity during April 2022, when compared with the last 12-month average, led by ArchiMed’s $1.2bn private equity deal with Natus Medical, according to GlobalData’s deals database.
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A total of 84 medical devices industry deals worth $2.8bn were announced for the region in April 2022, against the 12-month average of 113 deals.
Of all the deal types, venture financing saw most activity in April 2022 with 65 transactions, representing a 77.4% share for the region.
In second place was M&A with 16 deals, followed by private equity deals with three transactions, respectively capturing a 19.05% and 3.6% share of the overall deal activity for the month.
In terms of value of deals, venture financing was the leading category in North America’s medical devices industry with $1.27bn, while private equity and M&A deals totalled $1.2bn and $334.7m, respectively.
North America medical devices industry deals in April 2022: Top deals
The top five medical devices deals accounted for 72.9% of the overall value during April 2022.
The combined value of the top five medical devices deals stood at $2.04bn, against the overall value of $2.8bn recorded for the month.
The top five medical devices industry deals of April 2022 tracked by GlobalData were:
1) ArchiMed $1.2bn private equity deal with Natus Medical
2) The $300m venture financing of Biofourmis by CVS Health,Export Development Bank of Iran,General Atlantic,Mass Mutual Ventures,Openspace Ventures,Sequoia Capital and SoftBank Vision Fund II
3) Adams Street Partners,Altimeter Capital Management,Battery Ventures,Coatue,Dragoneer Investment Group and ICONIQ Growth $220m venture financing deal with Reify Health
4) The $170m acquisition of Inform Diagnostics by Fulgent Genetics
5) Impact Investment Partners,Japan Industrial Partners and NEC $150m venture financing deal with BostonGene
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.