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.

google.charts.load(‘current’, {‘packages’:[‘corechart’]});google.charts.setOnLoadCallback(drawVisualization_Template5_February_2022_Medical_devices_United_States_cross_border);var options={vAxes:[{title:’Deal volume’, titleTextStyle:{italic:false, }}, {title:’Deal value’, titleTextStyle:{italic:false, }}], vAxis:{gridlines:{color:’transparent’}}, title:’US Medical Devices industry cross border deal activity: value and volume trend – February 2021 to February 2022′, chartArea:{width:’100%’}, legend:{position:’bottom’}, hAxis:{title:’Deal period’, titleTextStyle:{italic:false, }, slantedText:true, slantedTextAngle:65}, series:{0:{type:’bars’, targetAxisIndex:0, color:’#303030′}, 1:{type:’bars’, targetAxisIndex:0, color:’#79beff’}, 2:{type:’bars’, targetAxisIndex:0, color:’#00dea5′}, 3:{type:’line’, targetAxisIndex:1, color:’#60a92a’, enableInteractivity:false, tooltip:’none’}}, pointSize:5, isStacked:true, annotations:{textStyle:{color:’#000′}}, seriesType:’bars’, };function drawVisualization_Template5_February_2022_Medical_devices_United_States_cross_border(){var data=google.visualization.arrayToDataTable([[‘Month’, ‘M&A’, ‘Private equity’, ‘Venture financing’, ‘Deal value’ , ‘value’], [‘Feb 21’, 4, 2, 14, 542.33, ‘$0.542bn’], [‘Mar 21’, 4, 2, 11, 599.10, ‘$0.599bn’], [‘Apr 21’, 4, 2, 16, 2479.16, ‘$2.48bn’], [‘May 21’, 4, 3, 16, 2537.30, ‘$2.54bn’], [‘Jun 21’, 3, 1, 19, 36390.43, ‘$36.39bn’], [‘Jul 21’, 5, 5, 11, 1715.00, ‘$1.72bn’], [‘Aug 21’, 6, 1, 9, 11734.00, ‘$11.73bn’], [‘Sep 21’, 5, 1, 13, 584.50, ‘$0.585bn’], [‘Oct 21’, 2, 0, 9, 479.70, ‘$0.48bn’], [‘Nov 21’, 2, 1, 16, 971.45, ‘$0.971bn’], [‘Dec 21’, 10, 1, 13, 653.50, ‘$0.654bn’], [‘Jan 22’, 5, 1, 12, 806.00, ‘$0.806bn’], [‘Feb 22’, 7, 1, 15, 1029.96, ‘$1.03bn’]]);var view=new google.visualization.DataView(data);view.setColumns([0, 1, 2, 3, 4, {calc:’stringify’, sourceColumn:5, type:’string’, role:’annotation’}]);var chart=new google.visualization.ComboChart(document.getElementById(‘chart_div_Template5_February_2022_Medical_devices_United_States_cross_border’));google.visualization.events.addListener(chart, ‘ready’, function(){var img=chart.getImageURI();jQuery(‘#chart_image’).append(img);});chart.draw(view, options);}

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.

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

The post US medical devices industry sees a rise of 15% in cross border deal activity in February 2022 appeared first on Medical Device Network.

• Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.
• Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. FREE ACCESS.
• CryptoHawk. Altcoin Radar. Free Trial.
• Source: https://www.medicaldevice-network.com/deals-analysis/us-medical-devices-industry-sees-a-rise-of-15-00-in-cross-border-deal-activity-in-february-2022/