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Dealmaking Quarterly Statistics, Q3 2021

A look at M&A and alliance activity across the biopharma, medical device and in vitro diagnostics industries, July-September 2021

 
• By Deanna Kamienski and Maureen Riordan

In the third quarter of 2021, medical device company M&A values reached $7.1bn, while in vitro diagnostic firms and research tools players completed M&A activity that totaled $6.7bn.

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The third quarter featured 21 device M&A transactions, 10 of which had disclosed values that together totaled $7.1bn, versus the second quarter, when 14 deals totaled $2bn. Three transactions cracked the billion dollar mark compared to only one deal meeting this milestone in the second quarter.

Q3’s top device M&A deal was ICU Medical’s definitive agreement to acquire the Smiths Medical division of Smiths Group in a deal valued at up to $2.45bn. Smiths...

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