M&A Analysis: Slow Month Highlighted By A Few Big Deals
Medical device mergers and acquisitions in July include LabCorps’ $371m deal for Sequenom and Zimmer Biomet’s acquisition of spine surgery robot-maker Medtech SA.
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The dog-days of summer produced just a handful of mergers and acquisitions in the medtech sector and no blockbuster deals. However, several companies made smaller deals for innovative products in a range of sectors including IVDs, cardiovascular devices, and ophthalmology.
The deal will add musculoskeletal diagnostic tests to Zimmer Biomet's new Signature Solutions consulting and technology program. It is the orthopedics giant's sixth acquisition of 2016.
Several big names in medtech announced their second-quarter sales and earnings in late July and early August. Here are some of the companies that impressed investors and others that raised some doubts.