Decade in Review: Medical Device M&A Activity Increasing

FOR IMMEDIATE RELEASE Sanford B. Steever, Editor
Steve Monroe, Editor
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

NORWALK, CT – February 14, 2011 – The medical device sector posted a total of 171 deals in 2010, according to Deal Search Online, the Irving Levin Associates M&A database.  This total ranks fifth over the last decade.  Based on revealed prices, a grand total of $41,657,590,000 was spent on medical device merger and acquisition transactions in 2010.  This number represents a 201% increase from the prior year’s total.


Medical Device Mergers and Acquisitions, 2001-2010

Year

Dollars Committed

Number of Deals

2001

$10,407,475,000

120

2002

$6,235,301,000

175

2003

$14,463,967,000

166

2004

$21,310,257,000

133

2005

$42,138,020,000

140

2006

$53,268,054,000

150

2007

$58,219,046,000

194

2008

$69,305,608,000

167

2009

$13,826,284,000

175

2010

$41,657,590,000

171

Total

$330,831,602,000

1,591

 

The number of medical device M&A deals in 2010 was almost evenly spread across all four quarters: 41 deals in the first quarter, 44 deals in the second, 45 deals in the third and 41 deals in the fourth, according to Deal Search Online.  The table below shows the five largest medical device M&A deals of 2010. Three of the top five medical device transactions occurred in the 4th quarter signaling that capital and confidence are returning to the market. 
 

                                The Five Largest Medical Device Deals of 2010

Acquirer

Target

Value

Quarter

Novartis AG

Alcon, Inc. (Part II)

$12,900,000,000

Q4:10

Merck KGaA

Millipore Corp.

$7,200,000,000

Q1:10

Covidien Plc

Ev3, Inc.

$2,600,000,000

Q3:10

Thermo Fisher Scientific

Dionex Corp.

$2,100,000,000

Q4:10

Stryker Corp.

Neurovascular division

$1,500,000,000

Q4:10

For more information on DealSearchOnline.com or for a subscription to any Irving Levin publication, call 800-248-1668 or go to www.levinassociates.com.  Irving Levin Associates, Inc. was established in 1948 and is based in Norwalk, CT.  This privately held corporation publishes research reports and newsletters, and maintains health care and seniors housing M&A databases.