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  1. Deals Analysis
May 6, 2021

North America’s medical devices industry saw a rise of 13.91% in deal activity in Q1 2021

Led by $13bn acquisition of Change Healthcare, North America’s medical devices industry saw a rise of 13.91% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 301 deals worth $31.45bn were announced for the region during Q1 2021, against the last four-quarter average of 264.25 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 182 deals, representing a 60.5% share for the region.

In second place was M&A with 94 deals, followed by private equity deals with 25 transactions, respectively capturing a 31.2% and 8.3% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s medical devices industry with $26.81bn, while venture financing and private equity deals totalled $3.1bn and $1.54bn, respectively.

North America medical devices industry deals in Q1 2021: Top deals

The top five medical devices deals accounted for a 65.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $20.63bn, against the overall value of $31.45bn recorded for the quarter.

The top five medical devices industry deals of Q1 2021 tracked by GlobalData were:

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

2) The $4.6bn acquisition of Cantel Medical by Steris

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

4) The $1bn private equity deal with Cardinal Health by Hellman & Friedman

5) Corza Health’s acquisition of Surgical Specialties for $800m.

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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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