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  1. Deals Analysis
April 28, 2021

US medical devices industry sees a rise of 7.14% in deal activity in March 2021

US medical devices industry saw a rise of 7.14% in overall deal activity during March 2021, when compared with the last 12-month average, led by Hellman & Friedman’s $1bn private equity deal with Cardinal Health, according to GlobalData’s deals database.

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A total of 90 deals worth $4.63bn were announced in March 2021, compared with the 12-month average of 84 deals.

venture financing was the leading category in the month in terms of volume with 60 deals, which accounted for 66.7% of all deals.

In second place was M&A with 23 deals, followed by private equity with seven transactions, respectively accounting for 25.6% and 7.8% of overall deal activity in the US technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US medical devices industry with total deals worth $2.23bn, while venture financing and private equity deals totalled $1.22bn and $1.18bn respectively.

US medical devices industry deals in March 2021: Top deals

The top five medical devices industry deals accounted for 58.9% of the overall value during March 2021.

The combined value of the top five medical devices deals stood at $2.73bn, against the overall value of $4.63bn recorded for the month.

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

1) Hellman & Friedman’s $1bn private equity deal with Cardinal Health

2) The $695m acquisition of Resolution Bioscience by Agilent Technologies

3) Agiliti’s $475m acquisition of Northfield Medical

4) The $320m acquisition deal with Asuragen by Bio Techne

5) Organon &’s acquisition of Alydia Health for $240m.

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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