US medical devices industry saw a rise of 15% in overall cross border deal activity during February 2022, when compared with the last 12-month average, led by Anthem, Blue Venture Fund, Deerfield ManagementLP, Fidelity Management & Research, Flare Capital Partners, General Insuranceof India, Inova Health System, Longitude Capital Management Co, Optum Ventures, RA Capital Management and Wellington ManagementLLP’s $325m venture financing of Somatus, according to GlobalData’s deals database.
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A total of 23 cross border deals worth $1bn were announced in February 2022, compared with the 12-month average of 20 deals.
venture financing was the leading category in the month in terms of volume with 15 deals, which accounted for 65.2% of all cross border deals.
In second place was M&A with seven cross border deals, followed by private equity with one transactions, respectively accounting for 30.4% and 4.4% of overall deal activity in the US technology industry during the month.
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In terms of value of cross border deals, venture financing was the leading deal category in the US medical devices industry with total deals worth $664.39m, while M&A and private equity deals totalled $261.57m and $104m respectively.
US medical devices industry cross border deals in February 2022: Top deals
The top five medical devices industry cross border deals accounted for 78.5% of the overall value during February 2022.
The combined value of the top five medical devices cross border deals stood at $808.07m, against the overall value of $1bn recorded for the month.
The top five medical devices industry cross border deals of February 2022 tracked by GlobalData were:
1) Anthem,Blue Venture Fund,Deerfield ManagementLP,Fidelity Management & Research,Flare Capital Partners,General Insuranceof India,Inova Health System,Longitude Capital Management Co,Optum Ventures,RA Capital Management and Wellington ManagementLLP $325m venture financing deal with Somatus
2) The $227.57m acquisition of 9.07% stake in Cardiac Insight by Dreamtech
3) Alumni Ventures Group,aMoon Funds,Cowen Healthcare Investments,Echo Health Ventures,Hitachi Ventures,Khosla Ventures,Laurion Capital Management,Monashee Investment Management,Neuberger Berman Group,Northpond Ventures and Optum Ventures $110m venture financing deal with Scipher Medicine
4) The $104m private equity of Nalu Medical by Advent Life Sciences,Aperture Venture Partners,Decheng Capital,Endeavour Vision,Gilde Healthcare Partners,Longitude Capital Management Co,MVM Partners and Pura Vida Investments
5) 20/20 HealthCare Partners,New Era Capital Partners,Peregrine Ventures,Pitango HealthTech and Robert Bosch Venture Capital $41.5m venture financing deal with Variantyx