Will Mega Medtech M&A Continue?

Dollar-Sign-Silver_GREENLEAF-DESIGNS_0The days of mega deals in medtech will continue, according to one M&A expert, but the overall number of acquisitions of all sizes may dip—for a surprising reason.

Transactions in the medical device sector had the greatest deal value—$35.9 billion—in the second quarter among pharmaceutical and life sciences industries. That’s one of the insights from the just-released PwC quarterly publication,”Global Pharma & Life Sciences Deals Insights Q2 2016 Update.”

Of course, much of that value came courtesy of Abbott’s planned $30 billion acquisition of St. Jude Medical. The Abbott-St. Jude deal followed several other multi-billion dollar transactions in recent years: Zimmer and Biomet, BD and CareFusion, Medtronic and Covidien, Johnson & Johnson and Synthes.

Dimitri Drone, partner, Global Pharmaceutical and Life Sciences Leader in PwC’s Deals Practice, and one of the authors of the report, told MD+DI that he thinks massive buys in the medtech industry will keep occurring sporadically. “They’re more the exception than the rule . . . Would I expect that to continue? I do, because I think that has become part of the industry’s evolution.”

By Marie Thibault | MD&DI

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About Peter Coffaro 1091 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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