US medical devices industry saw a drop of 25% in overall deal activity during June 2022, when compared with the last 12-month average, led by Evolent Health’s $462m acquisition of Implantable Provider Group, according to GlobalData’s deals database.
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A total of 81 deals worth $1.6bn were announced in June 2022, compared with the 12-month average of 108 deals.
venture financing was the leading category in the month in terms of volume with 57 deals, which accounted for 70.4% of all deals.
In second place was M&A with 17 deals, followed by private equity with seven transactions, respectively accounting for 21% and 8.6% of overall deal activity in the US technology industry during the month.
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In terms of value of deals, venture financing was the leading deal category in the US medical devices industry with total deals worth $767.6m, while M&A and private equity deals totalled $702.1m and $129.1m, respectively.
US medical devices industry deals in June 2022: Top deals
The top five medical devices industry deals accounted for 53.8% of the overall value during June 2022.
The combined value of the top five medical devices deals stood at $859.8m, against the overall value of $1.6bn recorded for the month.
The top five medical devices industry deals of June 2022 tracked by GlobalData were:
1) Evolent Health $462m acquisition deal with Implantable Provider Group
2) The $177.8m acquisition of Guardant Health AMEA by Guardant Health
3) Patient Square Capital $100m private equity deal with Eargo
4) The $60m venture financing of Aerin Medical by Ally Bridge Group,KCK Group,Orbimed Advisors and Questa Capital Management
5) Amplify Partners,B Capital Group and Felicis Ventures $60m venture financing deal with Mission Health Labs