23 Acquisitions of Companies in the Medical Device Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Medical Device industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 23 acquisitions that took place in the Medical Device industry.

ClearStream Technologies Group acquired by C. R. Bard

Details about the transaction:

Acquisition amount:

$68,076,588

Announcement:

26 September 2011

Details about the company:

Catheters for angioplasty operations are created by ClearStream Technologies Group PLC.

Headquarter:

Enniscorthy, Wexford, Ireland

Where to find them:

Industry:

Medical Device

Details about the buyer:

C. Medical technology is developed, produced, and marketed by R. Bard.

Headquarter:

Berkeley Heights, New Jersey, United States

Where to find them:

BIIM Ultrasound acquired by Observe Medical

Details about the transaction:

Acquisition amount:

$21,138,629

Announcement:

14 January 2022

Details about the company:

A producer of compact, cordless, portable, and reasonably priced ultrasound diagnostics equipment is Biim Ultrasound.

Headquarter:

Narvik, Nordland, Norway

Where to find them:

Industry:

Manufacturing, Medical Device, Wireless

Details about the buyer:

The company Observe Medical Nordic AB creates digital renal monitoring devices.

Headquarter:

Gothenburg, Vastra Gotaland, Sweden

Where to find them:

CAS Medical Systems acquired by Edwards Lifesciences

Details about the transaction:

Acquisition amount:

$98,000,000

Announcement:

12 February 2019

Details about the company:

The non-invasive technologies and solutions created by CAS Medical Systems are used to monitor and gather patient data under high-stress situations.

Headquarter:

Branford, Connecticut, United States

Where to find them:

Industry:

Health Care, Manufacturing, Medical Device

Details about the buyer:

The science of heart valves and hemodynamic monitoring are fields in which Edwards Lifesciences is a world authority.

Headquarter:

Irvine, California, United States

Where to find them:

DFine acquired by Merit Medical Systems

Details about the transaction:

Acquisition amount:

$97,500,000

Announcement:

6 July 2016

Details about the company:

A firm called DFine creates therapeutic devices to treat compression fractures of the spine.

Headquarter:

San Jose, California, United States

Where to find them:

Industry:

Health Care, Medical Device, Therapeutics

Details about the buyer:

A healthcare company called Merit Medical Systems produces medical equipment used in interventional cardiology and radiology treatments.

Headquarter:

South Jordan, Utah, United States

Where to find them:

Dupatri acquired by Elfa Group

Details about the transaction:

Acquisition amount:

$34,700,000

Announcement:

12 January 2021

Details about the company:

In Brazil, Dupatri provides goods and supplies for medical facilities that are of the highest quality and effectiveness.

Headquarter:

Santos, Minas Gerais, Brazil

Where to find them:

Industry:

Health Care, Medical Device, Pharmaceutical

Details about the buyer:

Elfa Group is a company in the healthcare industry that provides hospitals with specialized services.

Headquarter:

João Pessoa, Bahia, Brazil

Where to find them:

NDI Medical acquired by Medtronic

Details about the transaction:

Acquisition amount:

$42,000,000

Announcement:

15 April 2008

Details about the company:

A medical device incubator called NDI Medical creates high-growth businesses with a focus on cutting-edge neurostimulation technology.

Headquarter:

Cleveland, Ohio, United States

Where to find them:

Industry:

Health Care, Medical, Medical Device

Details about the buyer:

For medical issues, Medtronic creates healthcare technology solutions.

Headquarter:

Minneapolis, Minnesota, United States

Where to find them:

Putnam Associates acquired by UDG Healthcare

Details about the transaction:

Acquisition amount:

$88,600,000

Announcement:

21 May 2019

Details about the company:

A consultancy called Putnam Associates works with customers in the biopharmaceutical, diagnostic, and medical device industries.

Headquarter:

Boston, Massachusetts, United States

Where to find them:

Industry:

Consulting, Management Consulting, Medical, Medical Device, Pharmaceutical

Details about the buyer:

One healthcare services provider, UDG Healthcare, offers a range of clinical, business, communication, and packaging services.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Vascular Architects acquired by LeMaitre Vascular

Details about the transaction:

Acquisition amount:

$2,800,000

Announcement:

20 September 2007

Details about the company:

Devices to treat vascular disease and nonvascular obstacles are developed and marketed by Vascular Architects.

Headquarter:

San Jose, California, United States

Where to find them:

Industry:

Architecture, Health Care, Manufacturing, Medical Device

Details about the buyer:

To treat peripheral vascular illnesses, LeMaitre Vascular designs, produces, and sells medical implants and equipment.

Headquarter:

Burlington, Massachusetts, United States

Where to find them:

Barkey Holding acquired by Azenta Life Sciences

Details about the transaction:

Acquisition amount:

$85,735,628

Announcement:

8 June 2022

Details about the company:

Barkey Holding offers warming equipment to stave against hypothermia.

Headquarter:

Leopoldshöhe, Nordrhein-Westfalen, Germany

Where to find them:

Industry:

Health Care, Medical, Medical Device

Details about the buyer:

Azenta is a global provider of life sciences solutions that has sped up the time it takes for important discoveries and treatments to reach the market.

Headquarter:

Larkspur, California, United States

Where to find them:

IsoPlexis acquired by Berkeley Lights

Details about the transaction:

Acquisition amount:

$57,800,000

Announcement:

21 December 2022

Details about the company:

A single-cell detection device is created by the life science technology business IsoPlexis to track patient immunological responses.

Headquarter:

Branford, Connecticut, United States

Where to find them:

Industry:

Biotechnology, Health Care, Medical Device, Therapeutics

Details about the buyer:

Berkeley Lights offers research and development services that alter biological processes utilizing micro-droplet technology.

Headquarter:

Emeryville, California, United States

Where to find them:

Rigenerand Srl acquired by Evotec

Details about the transaction:

Acquisition amount:

$24,777,674

Announcement:

30 May 2022

Details about the company:

In order to facilitate the cultivation of stem cells for both pre-clinical and clinical applications, RigeneranD is dedicated to developing biomedical devices.

Headquarter:

Medolla, Emilia-Romagna, Italy

Where to find them:

Industry:

Biopharma, Biotechnology, Health Care, Medical Device

Details about the buyer:

Evotec is a member of the Drug Development Alliance and offers pharmaceutical and biotechnology firms drug discovery solutions.

Headquarter:

Hamburg, Hamburg, Germany

Where to find them:

Stihler Electronic acquired by Gentherm

Details about the transaction:

Acquisition amount:

$18,200,000

Announcement:

1 April 2019

Details about the company:

Manufacturers of medical equipment including patient warming systems and hypothermia include Stihler Electronic.

Headquarter:

Leinfelden-echterdingen, Baden-Wurttemberg, Germany

Where to find them:

Industry:

Electronics, Health Care, Manufacturing, Medical Device

Details about the buyer:

The global creator and marketer of cutting-edge thermal management technology for a variety of applications is Gentherm Incorporated (NASDAQ-GS:THRM).

Headquarter:

Northville, Michigan, United States

Where to find them:

Hansen Medical acquired by Auris Health

Details about the transaction:

Acquisition amount:

$80,000,000

Announcement:

20 April 2016

Details about the company:

Medical robots are created and produced by Hansen Medical for the precise placement and management of catheter-based technology.

Headquarter:

Mountain View, California, United States

Where to find them:

Industry:

Health Care, Medical, Medical Device

Details about the buyer:

Auris Health works on the creation of robotics technology for use in healthcare.

Headquarter:

Redwood City, California, United States

Where to find them:

Avioq acquired by Shandong Oriental Ocean Sci-Tech

Details about the transaction:

Acquisition amount:

$65,000,000

Announcement:

15 February 2016

Details about the company:

The company Avioq is committed to producing medical goods and offering incredibly flexible contract manufacturing services.

Headquarter:

Durham, North Carolina, United States

Where to find them:

Industry:

Biotechnology, Health Care, Manufacturing, Medical Device

Details about the buyer:

Businesses engaged in seawater aquaculture and seafood processing are run by Shandong Oriental Ocean Sci-Tech.

Headquarter:

Yantai, Liaoning, China

Where to find them:

Clinichain acquired by ADDvise

Details about the transaction:

Acquisition amount:

$36,131,107

Announcement:

6 June 2022

Details about the company:

Clinichain provides supply of medical equipment and logistical assistance through leasing options.

Headquarter:

Almere, Flevoland, The Netherlands

Where to find them:

Industry:

Clinical Trials, Logistics, Medical Device, Rental

Details about the buyer:

Equipment is provided by ADDvise to hospitals and research institutes.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Faxitron Bioptics acquired by Hologic

Details about the transaction:

Acquisition amount:

$85,000,000

Announcement:

31 July 2018

Details about the company:

Leading provider of digital specimen radiography is Faxitron Bioptics.

Headquarter:

Tucson, Arizona, United States

Where to find them:

Industry:

Health Care, Manufacturing, Medical Device

Details about the buyer:

In order to meet the demands of women's healthcare, Hologic develops and distributes diagnostic tools and systems for use in medical imaging.

Headquarter:

Marlborough, Massachusetts, United States

Where to find them:

Good Night Medical acquired by Quipt Home Medical

Details about the transaction:

Acquisition amount:

$7,000,000

Announcement:

19 April 2022

Details about the company:

The necessary services are offered by Good Night Medical in order to identify a patient with sleep apnea at home.

Headquarter:

Columbus, Ohio, United States

Where to find them:

Industry:

Health Care, Medical, Medical Device

Details about the buyer:

Hospital & Health Care is a sector of Quipt Home Medical.

Headquarter:

Wilder, Idaho, United States

Where to find them:

Healeon Medical, Inc. acquired by Bimini Health Tech

Details about the transaction:

Acquisition amount:

$11,300,000

Announcement:

1 July 2020

Details about the company:

Create and market new procedures for improving the isolation of regenerative cells.

Headquarter:

Solana Beach, California, United States

Where to find them:

Industry:

Biotechnology, Medical Device

Details about the buyer:

In the market for breast reconstruction and regenerative products and therapies, Bimini Health Tech is a world leader.

Headquarter:

Plano, Texas, United States

Where to find them:

HealthSmart International acquired by Convey Health Solutions

Details about the transaction:

Acquisition amount:

$77,500,000

Announcement:

10 January 2022

Details about the company:

A healthcare product firm called HealthSmart International develops, manufactures, and sells goods to improve people's wellbeing.

Headquarter:

Waukegan, Illinois, United States

Where to find them:

Industry:

Health Care, Health Diagnostics, Medical Device

Details about the buyer:

For our carrier and PBM clients, Convey Health offers complete member registration, service, administration, and wellness solutions.

Headquarter:

Sunrise, Florida, United States

Where to find them:

Pega Medical acquired by OrthoPediatrics

Details about the transaction:

Acquisition amount:

$33,000,000

Announcement:

14 June 2022

Details about the company:

Pega Medical is a manufacturer that offers medical device design, development, testing, and manufacturing services.

Headquarter:

Laval, Quebec, Canada

Where to find them:

Industry:

Manufacturing, Medical Device, Product Design

Details about the buyer:

A medical device firm called OrthoPediatrics creates and produces orthopedic implants for pediatric orthopedic surgeons.

Headquarter:

Warsaw, Indiana, United States

Where to find them:

Specialised Laboratory Equipment acquired by Inspiration Healthcare Group

Details about the transaction:

Acquisition amount:

$22,501,069

Announcement:

22 June 2020

Details about the company:

Specialised Laboratory Equipment is a design and manufacturing powerhouse on a worldwide scale.

Headquarter:

Croydon, Croydon, United Kingdom

Where to find them:

Industry:

Manufacturing, Medical, Medical Device

Details about the buyer:

IHG is a clinical development company that offers clinical trial services to pharmaceutical and biotechnology firms.

Headquarter:

Wayne, Pennsylvania, United States

Where to find them:

Accutron acquired by Cantel Medical

Details about the transaction:

Acquisition amount:

$52,500,000

Announcement:

1 August 2016

Details about the company:

Manufacturer of cutting-edge analgesia-conscious sedation devices and accessories is Accutron Inc.

Headquarter:

Phoenix, Arizona, United States

Where to find them:

Industry:

Health Care, Manufacturing, Medical Device

Details about the buyer:

Leading supplier of solutions for infection prevention and control in the healthcare industry is Cantel Medical Corp. (NYSE:CMN). their offerings

Headquarter:

Little Falls, New Jersey, United States

Where to find them:

Acotec Scientific acquired by Boston Scientific

Details about the transaction:

Acquisition amount:

$74,992,831

Announcement:

12 December 2022

Details about the company:

Acotec Scientific manufactures medical devices for intervention. The majority of vascular interventional treatments employ Acotec products.

Headquarter:

Beijing, Beijing, China

Where to find them:

Industry:

Manufacturing, Medical Device

Details about the buyer:

Boston Scientific is a pioneer in developing healthcare products that enhance patient wellbeing.

Headquarter:

Marlborough, Massachusetts, United States

Where to find them: