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  1. Deals Analysis
June 30, 2022

US medical devices industry sees a drop of 33.03% in deal activity in May 2022

By Carmen

US medical devices industry saw a drop of 33.03% in overall deal activity during May 2022, when compared with the last 12-month average, led by ConMed ’s $255m acquisition of In2Bones Global , according to GlobalData’s deals database.

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A total of 73 deals worth $859.9m were announced in May 2022, compared with the 12-month average of 109 deals.

venture financing was the leading category in the month in terms of volume with 51 deals, which accounted for 69.9% of all deals.

In second place was M&A with 16 deals, followed by private equity with six transactions, respectively accounting for 21.9% and 8.2% of overall deal activity in the US technology industry during the month.

In terms of value of deals, venture financing was the leading deal category in the US medical devices industry with total deals worth $534.86m, while M&A and private equity deals totalled $265m and $60m, respectively.

US medical devices industry deals in May 2022: Top deals

The top five medical devices industry deals accounted for 56.4% of the overall value during May 2022.

The combined value of the top five medical devices deals stood at $485m, against the overall value of $859.9m recorded for the month.

The top five medical devices industry deals of May 2022 tracked by GlobalData were:

1) ConMed $255m acquisition deal with In2Bones Global

2) The $70m venture financing of Hello Heart by BlueRun Ventures,Institutional Venture Partners,Maven Ventures,Resolute Ventures and Stripes Group

3) Dubilier & Rice and Clayton $60m private equity deal with Cynosure

4) The $60m venture financing of Mirvie by BlackRock,Decheng Capital,Foresite Capital Management,General Catalyst Partners,GV Management Co,Khosla Ventures and Mayfield Fund

5) Acrew Capital,Bold Capital Partners,GGV Capital,Gilead Sciences,Industry Ventures,Positive Sum,World Innovation Lab and Xfund $40m venture financing deal with Curebase

Related Companies

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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