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 October 10, 2023, Teleflex Incorporated announced that it completed the previously announced $650 million acquisition of Palette Life Sciences AB. The acquisition adds Barrigel®, a biodegradable sculptable rectal spacer, to Teleflex’s Interventional Urology portfolio. The Palette Life Sciences portfolio also includes Deflux® and Solesta®, which are NASHA based tissue bulking agents designed to treat pediatric vesicoureteral reflux and fecal incontinence, respectively.
• On August 2, 2023, STERIS plc announced that it completed the previously announced acquisition of the surgical instrumentation, laparoscopic instrumentation and sterilization container assets from Becton, Dickinson and Company for $540 million.

Past Industry Updates

Medical Devices: June 2023

Medical Devices: February 2023

Medical Devices: November 2022