The top 4 biggest players in the medical device field keep growing bigger — 8 key acquisitions

Written by Laura Dyrda | May 28, 2019 | Print  |

Forbes released its list of the most powerful companies in healthcare, including several medical device companies. Among the companies focused on medical devices, the top four keep getting bigger.

Here are the four most powerful companies and their acquisitions so far this year:

1. Johnson & Johnson (No. 37 at $366.2 billion market value)

• Auris Health: Acquisition complete April 1 for $3.4 billion in cash, up to $2.35 billion in contingent payments payable upon reaching predetermined milestones.
• Emerging Implant Technologies: Johnson & Johnson Medical Device Companies acquired Emerging Implant Technologies, a 3D-printed titanium spinal implant company, in September 2018 for an undisclosed amount.

2. Medtronic (No. 150 at $113 billion market value)

• Titan Spine: Medtronic announced May 9 that it would acquire Titan Spine, a company focused on titanium spinal implants and nanotechnology surface technology, for an undisclosed amount.
• EPIX Therapeutics: Medtronic acquired EPIX to complement its cardiac ablation portfolio on Jan. 24 for an undisclosed amount.

3. Stryker (No. 366 at $67.3 billion market value)

• OrthoSpace: Stryker acquired OrthoSpace on March 14 for $110 million upfront and up to $110 million in future payments contingent on meeting predetermined milestones.
• Arrinex: Stryker acquired Arrinex, a cryoablation technology company, for an undisclosed amount on Feb. 25.

4. Boston Scientific (No. 557 at $48.8 billion market value)

• Vertiflex: Boston Scientific acquired Vertiflex, which developed the Superion Decompression System, for $465 million upfront and additional payments in the next three years contingent on reaching certain milestones. The transaction occurred May 9.
• Millipede: Boston Scientific acquired Millipede, a privately held company focused on its transcatheter annuloplasty ring system, in December 2019.

More articles on medical devices:
Globus Medical reports screw placement success in spinal robot
Medtronic reports 1.1% drop in Q4 spine revenue: 4 key notes
5 device co key notes

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