North America’s medical devices industry saw a rise of 5.00% in cross border deal activity during July 2022, when compared with the last 12-month average, led by SD Biosensor and SJL Partners’ $1.54bn private equity deal with Meridian Bioscience, according to GlobalData’s deals database.

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A total of 21 medical devices industry cross border deals worth $2.2bn were announced for the region in July 2022, against the 12-month average of 20 deals.

Of all the deal types, venture financing saw most activity in July 2022 with 15 transactions, representing a 71.4% share for the region.

In second place was M&A with three deals, followed by private equity deals with three transactions, respectively capturing a 14.3% and 14.3% share of the overall cross border deal activity for the month.

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In terms of value of cross border deals, private equity was the leading category in North America’s medical devices industry with $1.6bn, while venture financing and M&A deals totalled $628.95m and $1.8m, respectively.

North America medical devices industry cross border deals in July 2022: Top deals

The top five medical devices cross border deals accounted for 90% of the overall value during July 2022.

The combined value of the top five medical devices cross border deals stood at $2bn, against the overall value of $2.2bn recorded for the month.

The top five medical devices industry cross border deals of July 2022 tracked by GlobalData were:

1) SD Biosensor and SJL Partners $1.54bn private equity deal with Meridian Bioscience

2) The $223m venture financing of Cleerly by Breyer Capital,Cigna Ventures,DigiTx Partners,Fidelity Management & Research,Heartland Healthcare Capital,LRVHealth,Mirae Asset Capital,New Leaf Ventures,Novartis,Peter Thiel,Piper Sandler Merchant Banking,Sands Capital Management,T Rowe Price Associates,T. Rowe Price Investment Management and Vensana Capital

3) Medtronic,Perceptive Advisors,RTW Investments,SternAegis Ventures and Terumo $110m venture financing deal with Orchestra BioMed

4) The $75m venture financing of Medical Microinstruments by Andera Partners,BioStar Capital,Deerfield Management Co,Fountain Healthcare Partners,Panakes Partners,RA Capital Management and Samba Tech

5) ARTIS Ventures,Axial VC,DeciBio Consulting,KKRInc,Lansdowne Partners,OMX Ventures and SALT Fund $55m venture financing deal with Replay Therapeutics