Mergers and acquisition deal volume are down but values are up in 2017, according to a new report form PitchBook.
So far this year, approximately 210 deals have taken place in the healthcare devices and supplies industry, bringing in $62.5 billion.
The number of deals is down from the 317 M&A deals that took place last year, though value has exceeded the $46 billion deal value from 216, according to the report.
In the past week, over $535 million has cleared in mergers and acquisitions, including CryoLife Inc‘s (NYSE:CRY) $225 million acquisition of German stent graft and surgical graft maker Jotec, Smith & Nephew‘s (NYSE:SNN) $210 million acquisition of Rotation Medical and Edwards Lifesciences (NYSE:EW) $100 million acquisition of Harpoon Medical.
Another $887 million in mergers and acquisitions are waiting to clear, with Stryker (NYSE:SYK) looking to pay $662 million to acquire Entellus Medical (NSDQ:ENTL) and LivaNova (NSDQ:LIVN) looking to purchase ImThera Medical and its implantable sleep apnea treatment for $225 million.