North America’s medical devices industry saw a rise of 9.09% in 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 deal with Somatus, according to GlobalData’s deals database.
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A total of 24 medical devices industry cross border deals worth $1.1bn were announced for the region in February 2022, against the 12-month average of 22 deals.
Of all the deal types, venture financing saw most activity in February 2022 with 16 transactions, representing a 66.7% share for the region.
In second place was M&A with seven deals, followed by private equity deals with one transactions, respectively capturing a 29.2% and 4.2% share of the overall cross border deal activity for the month.
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By GlobalDataIn terms of value of cross border deals, venture financing was the leading category in North America’s medical devices industry with $695.89m, while M&A and private equity deals totalled $261.57m and $104m, respectively.
North America medical devices industry cross border deals in February 2022: Top deals
The top five medical devices cross border deals accounted for 76.1% 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 $1.1bn 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