North America’s medical devices industry saw a drop of 30.23% in deal activity during January 2021

22 February 2021 (Last Updated February 22nd, 2021 18:34)

North America’s medical devices industry saw a drop of 30.23% in deal activity during January 2021, when compared with the last 12-month average, led by OptumInsight’s $13bn acquisition of Change Healthcare, according to GlobalData’s deals database.

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A total of 60 medical devices industry deals worth $22.38bn were announced for the region in January 2021, against the 12-month average of 86 deals.

Of all the deal types, venture financing saw most activity in January 2021 with 27 transactions, representing a 45% share for the region.

In second place was M&A with 26 deals, followed by private equity deals with seven transactions, respectively capturing a 43.3% and 11.7% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s medical devices industry with $21.21bn, while venture financing and private equity deals totalled $936.83m and $233.21m, respectively.

North America medical devices industry deals in January 2021: Top deals

The top five medical devices deals accounted for 89.4% of the overall value during January 2021.

The combined value of the top five medical devices deals stood at $20.01bn, against the overall value of $22.38bn recorded for the month.

The top five medical devices industry deals of January 2021 tracked by GlobalData were:

1) OptumInsight’s $13bn acquisition of Change Healthcare

2) The $4.6bn acquisition deal with Cantel Medical by Steris

3) Boston Scientific’s $1.23bn acquisition of Preventice

4) The $635m acquisition of Capsule Technologies by Koninklijke Philips

5) Thermo Fisher Scientific’s acquisition of Mesa Biotech for $550m.