1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 Industry Insights 7
3 Medical Equipment, Global, Deal Summary 8
3.1 Medical Equipment, Global, Deals Analysis, Q3 2012 8
3.2 Medical Equipment, Global, Number of Deals by Type, Q3 2012 9
3.3 Medical Equipment, Global, Major Deals, Q3 2012 10
4 Medical Equipment, Global, Top Deal Makers, Q3 2012 11
5 Medical Equipment, Global, Deal Summary, By Type 12
5.1 Medical Equipment, Global, Merger and Acquisition Deals, Q3 2012 12
5.1.1 Top M&A Deals in Q3 2012 13
5.2 Medical Equipment, Global, Equity Offering Deals, Q3 2012 14
5.2.1 Medical Equipment, Global, IPO deals, Q3 2011 - Q3 2012 15
5.2.2 Top IPO’s in Q3 2012 15
5.2.3 Top Secondary Offerings in Q3 2012 16
5.2.4 Top PIPE Deals in Q3 2012 16
5.3 Medical Equipment, Global, Venture Capital Deals, Q3 2012 17
5.3.1 Top Venture Financing Deals in Q3 2012 18
5.3.2 Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Q3 2012 19
5.3.3 Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Q3 2012 20
5.4 Medical Equipment, Global, Top Venture Financing Firms, Q4 2011 - Q3 2012 21
5.4.1 Medical Equipment, Global, Top VC Backed Companies, Last One Year 22
5.5 Medical Equipment, Global, Private Equity Deals, Q3 2011 - Q3 2012 23
5.5.1 Top Private Equity Deals in Q3 2012 24
5.6 Medical Equipment, Global, Partnership Deals, Q3 2011 - Q3 2012 25
5.6.1 Partnership Deals in Q3 2012 26
6 Medical Equipment, Global, M&A Financial Analysis 28
6.1 Medical Equipment, Global Acquisitions, Average Deal Value versus Median Deal Value, Q3 2011 - Q3 2012 28
6.2 Medical Equipment, Global Acquisitions, Average Price Earnings of Acquired Companies, Q3 2011 - Q3 2012 29
6.3 Medical Equipment, Global Acquisitions, Average EV/EBITDA of Acquired Companies, Q3 2011 - Q3 2012 30
6.4 Medical Equipment, Global Acquisitions, Average Deal Value per Operating Profit, Q3 2011 - Q3 2012 31
6.5 Medical Equipment, Global Acquisitions, Average Deal Value Per Share versus Average Market Price Per Share, Q3 2011 - Q3 2012 32
6.6 Medical Equipment, Global Acquisitions, Average Deal Value Per Share versus Average Book Value Per Share, Q3 2011 - Q3 2012 33
6.7 Medical Equipment, Global Acquisitions, Average Deal Value Per Sales, Q3 2011 - Q3 2012 34
7 Medical Equipment, Global, Deal Summary, By Market 35
7.1 Medical Equipment, Global, In Vitro Diagnostic Deals, Q3 2012 35
7.1.1 In Vitro Diagnostics - Deals of the Quarter 36
7.2 Medical Equipment, Global, Healthcare IT Deals, Q3 2012 37
7.2.1 Healthcare IT - Deals of the Quarter 38
7.3 Medical Equipment, Global, Cardiovascular Device Deals, Q3 2012 39
7.3.1 Cardiovascular Devices - Deals of the Quarter 40
7.4 Medical Equipment, Global, Diagnostic Imaging Deals, Q3 2012 41
7.4.1 Diagnostic Imaging -Deals of the Quarter 42
7.5 Medical Equipment, Global, Drug Delivery Devices Deals, Q3 2012 43
7.5.1 Drug Delivery Devices - Deals of the Quarter 44
7.6 Medical Equipment, Global, Surgical Equipment Deals, Q3 2012 45
7.6.1 Surgical Equipment -Deals of the Quarter 46
7.7 Medical Equipment, Global, Orthopedic Devices Deals, Q3 2012 47
7.7.1 Orthopedic Devices - Deals of the Quarter 48
7.8 Medical Equipment, Global, Hospital Supplies Deals, Q3 2012 49
7.8.1 Hospital Supplies -Deals of the Quarter 50
7.9 Medical Equipment, Global, Anesthesia and Respiratory Devices Deals, Q3 2012 51
7.9.1 Anesthesia and Respiratory Devices -Deals of the Quarter 52
7.10 Medical Equipment, Global, Wound Care Management Deals, Q3 2012 53
7.10.1 Wound Care Management - Deals of the Quarter 54
7.11 Medical Equipment, Global, Patient Monitoring Deals, Q3 2012 55
7.11.1 Patient Monitoring - Deals of the Quarter 56
7.12 Medical Equipment, Global, Ophthalmic Devices Deals, Q3 2012 57
7.12.1 Ophthalmic Devices - Deals of the Quarter 58
7.13 Medical Equipment, Global, Diabetes Care Devices Deals, Q3 2012 59
7.13.1 Diabetes Care Devices - Deals of the Quarter 60
7.14 Medical Equipment, Global, Nephrology and Urology Devices Deals, Q3 2012 61
7.14.1 Nephrology and Urology Devices - Deals of the Quarter 62
7.15 Medical Equipment, Global, Neurology Devices Deals, Q3 2012 63
7.15.1 Neurology Devices - Deals of the Quarter 64
7.16 Medical Equipment, Global, Dental Devices Deals, Q3 2012 65
7.16.1 Dental Devices -Deals of the Quarter 66
7.17 Medical Equipment, Global, Endoscopy Device Deals, Q3 2012 67
7.17.1 Endoscopy Devices- Deals of the Quarter 68
7.18 Medical Equipment, Global, Ear, Nose and Throat Device Deals, Q3 2012 69
7.18.1 ENT Devices - Deal of the Quarter 70
8 Medical Equipment, Deal Summary, By Geography 71
8.1 Medical Equipment, North America Region Deals, Q3 2012 71
8.1.1 North America - Deals of the Quarter 72
8.2 Medical Equipment, Europe Region Deals, Q3 2012 73
8.2.1 Europe - Deals of the Quarter 74
8.3 Medical Equipment, Asia-Pacific Region Deals, Q3 2012 75
8.3.1 Asia-Pacific - Deals of the Quarter 76
8.4 Medical Equipment, Rest of the World Deals, Q3 2012 77
8.4.1 Rest of the World - Deals of the Quarter 78
9 Medical Equipment, Top Advisors 79
9.1 Medical Equipment, Global Top Financial Advisors, Mergers and Acquisitions, Last One Year 79
9.2 Medical Equipment, Global Top Financial Advisors, Equity Offerings, Deal Summary, Last One Year 80
10 Appendix 81
11 Further Information 84
11.1 Methodology 84
11.2 About GlobalData 84
11.3 Contact Us 85
11.4 Disclosure information 85
11.5 Disclaimer 85
List of Tables
Table 1: Medical Equipment, Global, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 9
Table 2: Medical Equipment, Global, Deals By Type, Deals (Number and %), Q3 2012 9
Table 3: Medical Equipment, Global, Major Deals, Q3 2012 10
Table 4: Medical Equipment, Global, Top Deal Makers, Number of Deals and Deal Values (US$m), Q3 2012 11
Table 5: Medical Equipment, Global, M&A, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 13
Table 6: Medical Equipment, Global, Top M&A Deals, Q3 2012 13
Table 7: Medical Equipment, Global, Equity Offerings, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 14
Table 8: Medical Equipment, Global, IPO Deals, Q3 2011 - Q3 2012 15
Table 9: Medical Equipment, Global, Top IPO Deals, Q3 2012 15
Table 10: Medical Equipment, Global, Top Secondary Offerings, Q3 2012 16
Table 11: Medical Equipment, Global, Top PIPE Deals, Q3 2012 16
Table 12: Medical Equipment, Global, Venture Capital, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 17
Table 13: Medical Equipment, Global, Top Venture Financing Deals, Q3 2012 18
Table 14: Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Number Of Deals and Deal Values (%), Q3 2012 20
Table 15: Medical Equipment, Global, Top Venture Financing Firms, Number of Deals and Deal Values (US$m), Q4 2011 - Q3 2012 21
Table 16: Medical Equipment, Global, Top VC Backed Companies, Q4 2011 - Q3 2012 22
Table 17: Medical Equipment, Global, Private Equity, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 23
Table 18: Medical Equipment, Global, Top Private Equity Deals, Q3 2012 24
Table 19: Medical Equipment, Global, Partnerships, Deals Summary, Number of Deals, Q3 2011 - Q3 2012 25
Table 20: Medical Equipment, Global Acquisitions, Average Deal Value vs Median Deal Value, (US$m), Q3 2011 - Q3 2012 28
Table 21: Medical Equipment, Global Acquisitions, Average P/E of Acquired Companies, Q3 2011 - Q3 2012 29
Table 22: Medical Equipment, Global Acquisitions, Average EV/EBITDA of Acquired Companies, Q3 2011 - Q3 2012 30
Table 23: Medical Equipment, Global Acquisitions, Average Deal Value Per Operating Profit, Q3 2011 - Q3 2012 31
Table 24: Medical Equipment, Global Acquisitions, Average Deal Value Per Share vs Average Market Price Per Share, Q3 2011 - Q3 2012 32
Table 25: Medical Equipment, Global Acquisitions, Average Deal Value Per Share vs Average Book Value Per Share, Q3 2011 - Q3 2012 33
Table 26: Medical Equipment, Global Acquisitions, Average Deal Value Per Sales, Q3 2011 - Q3 2012 34
Table 27: Medical Equipment, Global, In Vitro Diagnostics, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 36
Table 28: Medical Equipment, Global, Healthcare IT, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 38
Table 29: Medical Equipment, Global, Cardiovascular Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 40
Table 30: Medical Equipment, Global, Diagnostic Imaging, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 41
Table 31: Medical Equipment, Global, Drug Delivery Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 43
Table 32: Medical Equipment, Global, Surgical Equipment, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 45
Table 33: Medical Equipment, Global, Orthopedic Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 47
Table 34: Medical Equipment, Global, Hospital Supplies, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 49
Table 35: Medical Equipment, Global, Anesthesia and Respiratory Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 52
Table 36: Medical Equipment, Global, Wound Care Management, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 53
Table 37: Medical Equipment, Global, Patient Monitoring, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 55
Table 38: Medical Equipment, Global, Ophthalmic Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 57
Table 39: Medical Equipment, Global, Diabetes Care Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 59
Table 40: Medical Equipment, Global, Nephrology and Urology Devices, Deal Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 61
Table 41: Medical Equipment, Global, Neurology Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 63
Table 42: Medical Equipment, Global, Dental Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 65
Table 43: Medical Equipment, Global, Endoscopy Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 67
Table 44: Medical Equipment, Global, Ear, Nose and Throat Devices, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 69
Table 45: Medical Equipment, North America Region Deals, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 72
Table 46: Medical Equipment, Europe Region Deals, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 73
Table 47: Medical Equipment, Asia-Pacific Region Deals, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 75
Table 48: Medical Equipment, Rest of the World Deals, Deals Summary, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 77
Table 49: Medical Equipment, Global Top Financial Advisors, M&A, Number of Deals and Deal Values (US$m), Q4 2011 - Q3 2012 79
Table 50: Medical Equipment, Global Top Financial Advisors, Equity Offerings, Number of Deals and Deal Values (US$m), Q4 2011 - Q3 2012 80
Table 51: Medical Equipment, Deals’ Key Financials, Global Acquisition Deals, Q3 2011-Q3 2012 81
List of Figures
Figure 1: Medical Equipment, Global, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 8
Figure 2: Medical Equipment, Global, Number of Deals by Type (%), Q3 2012 9
Figure 3 Medical Equipment, Global, M&A, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 12
Figure 4: Medical Equipment, Global, Equity Offerings, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 14
Figure 5: Medical Equipment, Global, Venture Capital, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 17
Figure 6: Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Number Of Deals (%), Q3 2012 19
Figure 7: Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Deal Values (%), Q3 2012 20
Figure 8: Medical Equipment, Global, Top Venture Financing Firms, Number of Deals and Deal Values (US$m), Q4 2011 - Q3 2012 21
Figure 9: Medical Equipment, Global, Private Equity, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 23
Figure 10: Medical Equipment, Global, Partnerships, Number of Deals, Q3 2011 - Q3 2012 25
Figure 11: Medical Equipment, Global, Partnership Deals Break Down (%),Q3 2012 26
Figure 12: Medical Equipment, Global Acquisitions, Average Deal Value vs Median Deal Value, (US$m), Q3 2011 - Q3 2012 28
Figure 13: Medical Equipment, Global Acquisitions, Average P/E of Acquired Companies, Q3 2011 - Q3 2012 29
Figure 14: Medical Equipment, Global Acquisitions, Average EV/EBITDA of Acquired Companies, Q3 2011 - Q3 2012 30
Figure 15: Medical Equipment, Global Acquisitions, Average Deal Value per Operating Profit, Q3 2011 - Q3 2012 31
Figure 16: Medical Equipment, Global Acquisitions, Average Deal Value Per Share vs Average Market Price Per Share), Q3 2011 - Q3 2012 32
Figure 17: Medical Equipment, Global Acquisitions, Average Deal Value Per Share vs Average Book Value Per Share, Q3 2011 - Q3 2012 33
Figure 18: Medical Equipment, Global Acquisitions, Average Deal Value Per Sales, Q3 2011 - Q3 2012 34
Figure 19: Medical Equipment, Global, In Vitro Diagnostics, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 35
Figure 20: Medical Equipment, Global, Healthcare IT, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 37
Figure 21: Medical Equipment, Global, Cardiovascular Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 39
Figure 22: Medical Equipment, Global, Diagnostic Imaging, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 41
Figure 23: Medical Equipment, Global, Drug Delivery Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 43
Figure 24: Medical Equipment, Global, Surgical Equipment, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 45
Figure 25: Medical Equipment, Global, Orthopedic Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 47
Figure 26: Medical Equipment, Global, Hospital Supplies, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 49
Figure 27: Medical Equipment, Global, Anesthesia and Respiratory Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 51
Figure 28: Medical Equipment, Global, Wound Care Management, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 53
Figure 29: Medical Equipment, Global, Patient Monitoring, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 55
Figure 30: Medical Equipment, Global, Ophthalmic Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 57
Figure 31: Medical Equipment, Global, Diabetes Care Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 59
Figure 32: Medical Equipment, Global, Nephrology and Urology Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 61
Figure 33: Medical Equipment, Global, Neurology Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 63
Figure 34: Medical Equipment, Global, Dental Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 65
Figure 35: Medical Equipment, Global, Endoscopy Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 67
Figure 36: Medical Equipment, Global, Ear, Nose and Throat Devices, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 69
Figure 37: Medical Equipment, North America Region Deals, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 71
Figure 38: Medical Equipment, Europe Region Deals, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 73
Figure 39: Medical Equipment, Asia-Pacific Region Deals, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 75
Figure 40: Medical Equipment, Rest of the World Deals, Number of Deals and Deal Values (US$m), Q3 2011 - Q3 2012 77
Figure 41: Medical Equipment, Global Top Financial Advisors, M&A, Number of Deals and Deal Values (US$m), Q4 2011 - Q3 2012 79
Figure 42: Medical Equipment, Global Top Financial Advisors, Equity Offerings, Number of Deals and Deal Values (US$m), Q4 2011 - Q3 2012 80
Companies Mentioned