Deals
Deal activity by volume related to Internet of Things decreased by 15% year-on-year in 2023 in the medical device industry
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Analysis of the key themes driving deal activity reveals that Internet of Things accounted for 850 medical device deals between 2019 and 2023, worth a total value of $32,023m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $2.8bn acquisition of 15% stake in Koninklijke Philips by EXOR in a private equity deal was the largest disclosed deal in 2023, while the $1bn acquisition of MediFox DAN by ResMed was the largest disclosed deal in 2022.
In volume terms, Internet of Things related deal activity decreased by 15% year-on-year in 2023 and by 3% year-on-year in 2022.
Deal activity related to Internet of Things in the global medical device industry in the last five years
Top deals related to Internet of Things in the medical device industry in the last five years
Deal volume by deal type for Internet of Things related deals in the medical device industry in the last five years
Venture financing accounted for the highest number of deals in the last five years, with 476 deals, followed by Partnership (141 deals), and Equity offerings (109 deals).
Top financial advisors for Internet of Things related deals by value in the medical device industry in the last five years
The top financial advisors supporting deals related to Internet of Things in the medical device industry in the last five years in terms of value were Lazard, Morgan Stanley, JPMorgan Chase, Goldman Sachs, and Morgan Stanley.
Top legal advisors for Internet of Things related deals by value in the medical device industry in the last five years
The top legal advisors supporting deals related to Internet of Things in the medical device industry in the last five years in terms of value were Skadden, Arps, Slate, Meagher & Flom, Gibson, Dunn & Crutcher, Wilmer Cutler Pickering Hale and Dorr, Davis Polk & Wardwell London, and Paul, Weiss, Rifkind, Wharton & Garrison.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
