The Medical Device sector has experienced some ups and down, as M&A goes. Last year, the sector posted 111 transactions and $85.6 billion in spending, which was an 8% and 620% improvement, respectively, over 2013’s performance. This year doesn’t look like a knock-out year for spending, with a sector total of just $36.2 billion as of November 20. Deal volume could still reach last year’s levels, since it stands at 103 deals as of that date.
Medtronic plc (NYSE: MDT) has been the busiest acquirer by far, with 10 deals announced. Seven of those disclosed prices, totaling $1.25 billion through November 20. Here’s our list of the top Medical Device deals to date.
| Acquirer | Target | Price |
|---|---|---|
| DENTSPLY International | Sirona Dental Systems | $13.3 billion |
| St. Jude Medical | Thoratec Corp. | $3.4 billion |
| Excelsior Union Limited | Mindray Medical International | $3.3 billion |
| Hill-Rom Holdings | Welch Allyn, Inc. | $2.1 billion |
| Cardinal Health Inc. | Cordis | $1.9 billion |
| Greatbatch, Inc. | Lake Regional Medical | $1.7 billion |
| Boston Scientific Corp. | American Medical Systems' urology portfolio | $1.6 billion |
| Cyberonics Inc. | Sorin S.p.A. | $1.2 billion |
| Panasonic Healthcare | Bayer's diabetes portfolio | $1.2 billion |
| Madison Dearborn Partners, LLC | Patterson Medical | $715 million |