Industry Update: Medical Devices
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.
- On February 2, 2021, two of the world’s most prominent vision care leaders
have announced a partnership to expand the fast-growing myopia
management category and broaden access to emerging, evidence-based
technologies and products. CooperCompanies and EssilorLuxottica entered
into a joint venture agreement to accelerate commercialization of innovative
spectacle lenses from SightGlass Vision.
- On January 21, 2021, Boston Scientific announced that it entered into a
definitive agreement to acquire Preventice Solutions, Inc., a privately-held
company which offers a full portfolio of mobile cardiac health solutions and
services, ranging from ambulatory cardiac monitors to cardiac event
monitors and mobile cardiac telemetry. The transaction consists of an
upfront cash payment of $925 million, and up to an additional $300 million in
a potential commercial milestone payment.
- On January 4, 2021, Dentsply Sirona Inc. entered into an Equity Purchase Agreement with Straight Smile, LLC, a Delaware limited liability company, the members of Straight Smile and Member Representative SSB, LLC, a Wyoming limited liability company, in its capacity as the Equityholder Representative, pursuant to which the Company acquired 100% of the outstanding membership interest of Straight Smile, for $1.0 billion.
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