1 Table of contents
I Table of contents 2
I. 1 List of Data tables 4
I. 2 List of Charts 6
II Medical Equipment, Global, Deal Summary 8
II. 1 Medical Equipment, Global, Deals Analysis, Q1 2011 8
II. 2 Medical Equipment, World Number of Deals by Type, Q1 2011 10
II. 3 Medical Equipment, World Top Deals, Q1 2011 11
III Medical Equipment, Top Deal Makers, Q1 2011 12
IV Medical Equipment, Global, Deal Summary, By Type 13
IV. 1 Medical Equipment, Global, Merger and Acquisition Deals, Q1 2011 13
IV. 1.1 Top Merger and Acquisition Deals in Q1 2011 14
IV. 2 Medical Equipment, World Equity Offering Deals, Q1 2011 15
IV. 2.1 Top IPO’s in Q1 2011 16
IV. 2.2 Top Secondary Offerings in Q1 2011 16
IV. 2.3 Top PIPE Deals in Q1 2011 16
IV. 3 Medical Equipment, Global, Debt Offerings, Deals, Q1 2011 18
IV. 3.1 Top Public Debt Offerings in Q1 2011 19
IV. 3.2 Top Private Debt Placements in Q1 2011 19
IV. 4 Medical Equipment, Global, Venture Capital Deals, Q1 2011 20
IV. 4.1 Top Venture Financing Deals in Q1 2011 21
IV. 4.2 Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Q1 2011 22
IV. 5 Medical Equipment, Global, Top Venture Financing Firms, Last One Year 23
IV. 5.1 Medical Equipment, Global, Top VC Backed Firms, Last One Year 24
IV. 6 Medical Equipment, Global, Private Equity Deals, Q1 2011 25
IV. 6.1 Top Private Equity Deals in Q1 2011 26
IV. 7 Medical Equipment, Global, Partnership Deals, Q1 2011 27
IV. 7.1 Partnership Deals in Q1 2011 28
V Medical Equipment, Global, Merger and Acquisition Financial Analysis 29
V. 1 Medical Equipment, World Acquisitions, Average Deal Value versus Median Deal Value, Q1 2010 - Q1 2011 29
V. 2 Medical Equipment, World Acquisitions, Average Price Earnings of Acquired Firms, Q1 2010 - Q1 2011 30
V. 3 Medical Equipment, World Acquisitions, Average EV/EBITDA of Acquired Firms, Q1 2010 - Q1 2011 31
V. 4 Medical Equipment, World Acquisitions, Average Deal Value per Operating Profit, Q1 2010 - Q1 2011 32
V. 5 Medical Equipment, World Acquisitions, Average Deal Value Per Share versus Average March ket Price Per Share, Q1 2010 - Q1 2011 33
V. 6 Medical Equipment, World Acquisitions, Average Deal Value Per Share versus Average Book Value Per Share, Q1 2010 - Q1 2011 34
V. 7 Medical Equipment, World Acquisitions, Average Deal Value Per Sales, Q1 2010 - Q1 2011 35
VI Medical Equipment, Global, Deal Summary, By March ket 36
VI. 1 World In Vitro Diagnostics Deals, Q1 2011 36
VI. 1.1 In Vitro Diagnostics – Deals of the Quarter 37
VI. 2 Medical Equipment, Global, Healthcare IT Deals, Q1 2011 38
VI. 2.1 Healthcare IT – Deals of the Quarter 39
VI. 3 Medical Equipment, Global, Cardiovascular Devices, Deals, Q1 2011 40
VI. 3.1 Cardiovascular Devices – Deals of the Quarter 41
VI. 4 Medical Equipment, Global, Orthopedic Devices, Deals, Q1 2011 42
VI. 4.1 Orthopedic Devices – Deals of the Quarter 43
VI. 5 Medical Equipment, Global, Diagnostic Imaging Deals, Q1 2011 44
VI. 5.1 Diagnostic Imaging –Deals of the Quarter 45
VI. 6 Medical Equipment, Global, Surgical Equipment Deals, Q1 2011 46
VI. 6.1 Surgical Equipment –Deals of the Quarter 47
VI. 7 World Drug Delivery Devices, Deals, Q1 2011 48
VI. 7.1 Drug Delivery Devices – Deals of the Quarter 49
VI. 8 World Ophthalmic Devices’ Deals, Q1 2011 50
VI. 8.1 Ophthalmic Devices – Deals of the Quarter 51
VI. 9 World Patient Monitoring Deals, Q1 2011 52
VI. 9.1 Patient Monitoring – Deals of the Quarter 53
VI. 10 World Wound Care Management Deals, Q1 2011 54
VI. 10.1 Wound Care Management – Deals of the Quarter 55
VI. 11 World Dental Devices Deals, Q1 2011 56
VI. 11.1 Dental Devices –Deals of the Quarter 57
VI. 12 World Hospital Supplies Deals, Q1 2011 58
VI. 12.1 Hospital Supplies –Deals of the Quarter 59
VI. 13 World Anesthesia and Respiratory Devices, Deals, Q1 2011 60
VI. 13.1 Anesthesia and Respiratory Devices –Deals of the Quarter 61
VI. 14 World Diabetes Care Devices Deals, Q1 2011 62
VI. 14.1 Diabetes Care Devices – Deals of the Quarter 63
VI. 15 World Nephrology and Urology Devices Deals, Q1 2011 64
VI. 15.1 Nephrology and Urology Devices – Deals of the Quarter 65
VI. 16 World Neurology Devices Deals, Q1 2011 66
VI. 16.1 Neurology Devices – Deals of the Quarter 67
VI. 17 World Endoscopy Devices Deals, Q1 2011 68
VI. 17.1 Endoscopy Devices- Deals of the Quarter 69
VI. 18 World Ear, Nose and Throat Devices Deals, Q1 2011 70
VI. 18.1 ENT Devices – Deals of the Quarter 71
VII Medical Equipment, Deal Summary, By Geography 72
VII. 1 Medical Equipment, North America Region Deals, Q1 2011 72
VII. 1.1 North America – Deals of the Quarter 74
VII. 2 Medical Equipment, European Region Deals, Q1 2011 75
VII. 2.1 Europe – Deals of the Quarter 76
VII. 3 Medical Equipment, Asia-Pacific Region Deals, Q1 2011 77
VII. 3.1 Asia-Pacific - Deals of the Quarter 78
VII. 4 Medical Equipment, Rest of the World Deals, Q1 2011 79
VII. 4.1 Rest of the World - Deals of the Quarter 80
VIII Medical Equipment, Top Advisors 81
VIII. 1 Medical Equipment, World Top Financial Advisors, Mergers and Acquisitions, Last One Year 81
VIII. 2 Medical Equipment, World Top Financial Advisors, Equity Offerings, Deal Summary, Last One Year 82
VIII. 3 Medical Equipment, World Top Financial Advisors, Debt Offerings, Deal Summary, Last One Year 83
IX Appendix 84
IX. 1 Further Information 86
IX. 1.1 Methodology 86
IX. 2 About GlobalData 86
IX. 3 Contact Us 87
IX. 4 Disclosure information 87
IX. 5 Disclaimer 87
List of Tables
Data table 1: Medical Equipment, Global, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 9
Data table 2: Medical Equipment, Global, Deals By Type, Deals (Number and %), Q1 2011 10
Data table 3: Medical Equipment, Global, Top Deals, Q1 2011 11
Data table 4: Medical Equipment, Global, Top Deal Makers, Number of Deals and Deal Value (US$m), Q1 2011 12
Data table 5: Medical Equipment, Global, Merger and Acquisition, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 13
Data table 6: Medical Equipment, Global, Top Merger and Acquisition Deals, Q1 2011 14
Data table 7: Medical Equipment, Global, Equity Offerings, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 16
Data table 8: Medical Equipment, Global, Top IPO Deals, Q1 2011 16
Data table 9: Medical Equipment, Global, Top Secondary Offerings, Q1 2011 16
Data table 10: Medical Equipment, Global, Top PIPE Deals, Q1 2011 16
Data table 11: Medical Equipment, Global, Debt Offerings, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 18
Data table 12: Medical Equipment, Global, Top Public Debt Offerings, Q1 2011 19
Data table 13: Medical Equipment, Global, Top Private Debt Placements, Q1 2011 19
Data table 14: Medical Equipment, Global, Venture Capital, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 21
Data table 15: Medical Equipment, Global, Top Venture Financing Deals, Q1 2011 21
Data table 16: Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Number Of Deals and Deal Value (%), Q1 2011 22
Data table 17: Medical Equipment, Global, Top Venture Financing Firms, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 23
Data table 18: Medical Equipment, Global, Top VC Backed Firms, Q4 2009 – Q1 2011 24
Data table 19: Medical Equipment, Global, Private Equity, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 25
Data table 20: Medical Equipment, Global, Top Private Equity Deals, Q1 2011 26
Data table 21: Medical Equipment, Global, Partnerships, Merger and Acquisition Deal Summary, Number of Deals, Q1 2010 - Q1 2011 27
Data table 22: Medical Equipment, World Acquisitions, Average Deal Value vs Median Deal Value, (US$m), Q1 2010 - Q1 2011 29
Data table 23: Medical Equipment, World Acquisitions, Average P/E of Acquired Firms, Q1 2010 - Q1 2011 30
Data table 24: Medical Equipment, World Acquisitions, Average EV/EBITDA of Acquired Firms, Q1 2010 - Q1 2011 31
Data table 25: Medical Equipment, World Acquisitions, Average Deal Value Per Operating Profit, Q1 2010 - Q1 2011 32
Data table 26: Medical Equipment, World Acquisitions, Average Deal Value Per Share vs Average March ket Price Per Share, Q3 2009 - Q1 2011 33
Data table 27: Medical Equipment, World Acquisitions, Average Deal Value Per Share vs Average Book Value Per Share, Q3 2009 - Q1 2011 34
Data table 28: Medical Equipment, World Acquisitions, Average Deal Value Per Sales, Q1 2010 - Q1 2011 35
Data table 29: Medical Equipment, Global, In Vitro Diagnostics, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 37
Data table 30: Medical Equipment, Global, Healthcare IT, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 39
Data table 31: Medical Equipment, Global, Cardiovascular Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 41
Data table 32: Medical Equipment, Global, Orthopedic Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 43
Data table 33: Medical Equipment, Global, Diagnostic Imaging, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 45
Data table 34: Medical Equipment, Global, Surgical Equipment, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 47
Data table 35: Medical Equipment, Global, Drug Delivery Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 48
Data table 36: Medical Equipment, Global, Ophthalmic Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 51
Data table 37: Medical Equipment, Global, Patient Monitoring, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 53
Data table 38: Medical Equipment, Global, Wound Care Management, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 54
Data table 39: Medical Equipment, Global, Dental Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 56
Data table 40: Medical Equipment, Global, Hospital Supplies, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 58
Data table 41: Medical Equipment, Global, Anesthesia and Respiratory Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 60
Data table 42: Medical Equipment, Global, Diabetes Care Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 62
Data table 43: Medical Equipment, Global, Nephrology and Urology Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 64
Data table 44: Medical Equipment, Global, Neurology Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 66
Data table 45: Medical Equipment, Global, Endoscopy Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 68
Data table 46: Medical Equipment, Global, Ear, Nose and Throat Devices, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 70
Data table 47: Medical Equipment, North America Region Deals, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 73
Data table 48: Medical Equipment, European Region Deals, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 76
Data table 49: Medical Equipment, Asia-Pacific Region Deals, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 77
Data table 50: Medical Equipment, Rest of the World Deals, Merger and Acquisition Deal Summary, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 80
Data table 51: Medical Equipment, World Top Financial Advisors, Merger and Acquisition, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 81
Data table 52: Medical Equipment, World Top Financial Advisors, Equity Offerings, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 82
Data table 53: Medical Equipment, World Top Financial Advisors, Debt Offerings, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 83
Data table 54: Medical Equipment, Deals’ Key Financials, World Acquisition Deals, Q1 2009-Q1 2011 84
List of Figures
Chart 1: Medical Equipment, Global, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 8
Chart 2: Medical Equipment, Global, Number of Deals by Type (%), Q1 2011 10
Chart 3 Medical Equipment, Global, Merger and Acquisition, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 13
Chart 4: Medical Equipment, Global, Equity Offerings, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 15
Chart 5: Medical Equipment, Global, Debt Offerings, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 18
Chart 6: Medical Equipment, Global, Venture Capital, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 20
Chart 7: Medical Equipment, Global, Venture Capital Deals by Stage of Financing, Number Of Deals (%) and Deal Value (%), Q1 2011 22
Chart 8: Medical Equipment, Global, Top Venture Financing Firms, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 23
Chart 9: Medical Equipment, Global, Private Equity, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 25
Chart 10: Medical Equipment, Global, Partnerships, Number of Deals, Q1 2010 - Q1 2011 27
Chart 11: Medical Equipment, Global, Partnership Deals Break-Up (%),Q1 2011 28
Chart 12: Medical Equipment, World Acquisitions, Average Deal Value vs Median Deal Value, (US$m), Q1 2010 - Q1 2011 29
Chart 13: Medical Equipment, World Acquisitions, Average P/E of Acquired Firms, Q3 2009 - Q1 2011 30
Chart 14: Medical Equipment, World Acquisitions, Average EV/EBITDA of Acquired Firms, Q1 2010 - Q1 2011 31
Chart 15: Medical Equipment, World Acquisitions, Average Deal Value per Operating Profit, Q1 2010 - Q1 2011 32
Chart 16: Medical Equipment, World Acquisitions, Average Deal Value Per Share vs Average March ket Price Per Share), Q1 2010 - Q1 2011 33
Chart 17: Medical Equipment, World Acquisitions, Average Deal Value Per Share vs Average Book Value Per Share, Q1 2010 - Q1 2011 34
Chart 18: Medical Equipment, World Acquisitions, Average Deal Value Per Sales, Q1 2010 - Q1 2011 35
Chart 19: Medical Equipment, Global, In Vitro Diagnostics, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 36
Chart 20: Medical Equipment, Global, Healthcare IT, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 38
Chart 21: Medical Equipment, Global, Cardiovascular Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 40
Chart 22: Medical Equipment, Global, Orthopedic Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 42
Chart 23: Medical Equipment, Global, Diagnostic Imaging, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 44
Chart 24: Medical Equipment, Global, Surgical Equipment, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 46
Chart 25: Medical Equipment, Global, Drug Delivery Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 48
Chart 26: Medical Equipment, Global, Opthalmic Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 50
Chart 27: Medical Equipment, Global, Patient Monitoring, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 52
Chart 28: Medical Equipment, Global, Wound Care Management, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 54
Chart 29: Medical Equipment, Global, Dental Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 56
Chart 30: Medical Equipment, Global, Hospital Supplies, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 58
Chart 31: Medical Equipment, Global, Anesthesia and Respiratory Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 60
Chart 32: Medical Equipment, Global, Diabetes Care Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 62
Chart 33: Medical Equipment, Global, Nephrology and Urology Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 64
Chart 34: Medical Equipment, Global, Neurology Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 66
Chart 35: Medical Equipment, Global, Endoscopy Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 68
Chart 36: Medical Equipment, Global, Ear, Nose and Throat Devices, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 70
Chart 37: Medical Equipment, North America Region Deals, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 72
Chart 38: Medical Equipment, European Region Deals, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 75
Chart 39: Medical Equipment, Asia-Pacific Region Deals, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 77
Chart 40: Medical Equipment, Rest of the World Deals, Number of Deals and Deal Value (US$m), Q1 2010 - Q1 2011 79
Chart 41: Medical Equipment, World Top Financial Advisors, Merger and Acquisition, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 81
Chart 42: Medical Equipment, World Top Financial Advisors, Equity Offerings, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 82
Chart 43: Medical Equipment, World Top Financial Advisors, Debt Offerings, Number of Deals and Deal Value (US$m), Q2 2010 – Q1 2011 83
Companies Mentioned