VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Medical Devices industry including recent transactions, market multiples, company performance and purchase price allocation percentages.

Industry Highlights

• On November 22, 2024, Medtronic acquired Netherlands-based Fortimedix Surgical for an undisclosed amount. Fortimedix manufactures medical devices and offers endovascular, coronary, and peripheral stents.
• On January 28, 2025, Zimmer Biomet Holdings, Inc. and Paragon 28, Inc., a leading medical device company focused exclusively on the foot and ankle orthopedic segment, announced they entered into a definitive agreement for Zimmer Biomet to acquire all outstanding shares of common stock of Paragon 28 for an upfront payment of $13.00 per share in cash, corresponding to an enterprise value of approximately $1.2 billion.

Past Industry Updates

Medical Devices: July 2024

Medical Devices: February 2024