Covidien Mergers and Acquisitions Summary

Medical Products Company

Covidien has acquired 22 companies of its own. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Covidien’s largest acquisition to date was in 2010, when it acquired ev3 for $2.6B. It’s largest disclosed sale occurred in 2013, when it sold Confluent Surgical to Integra LifeSciences Holdings for $265M. Covidien has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include medical products (72%) and healthcare services (24%).

Join Mergr and gain access to Covidien’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the medical products sector.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity21
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 9
  • M&A Advisors 1

Covidien plc

20 Lower Hatch Street,
Dublin, Dublin 2
Ireland,
+353 1 438 1700
www.covidien.com

Covidien plc is a global healthcare technology and medical supplies provider. Covidien was formed as a spin-off from Tyco in 2007 and is based in Dublin, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 21 - - - - - 21
vol $6.5B $6.5B
Sell (0.0/yr) # 4 - - - - - 4
vol $530M $530M
  25

Most Recent M&A

Company Date Value Type
Covidien - Stellarex(TM) Drug Coated Balloon 2014-11-02 30M USD Divestiture
, United States
Sapheon, Inc. 2014-08-28 - Add-on Acquisition
Morrisville, North Carolina · www.sapheoninc.com
Reverse Medical Corp. 2014-08-22 - Add-on Acquisition
Irvine, California · www.reversemed.com
Given Imaging Ltd. 2013-12-13 860M USD Add-on Acquisition
Yoqneam, Israel · www.givenimaging.com
Covidien plc - DuraSeal(TM) Product Lines 2013-10-28 235M USD Divestiture
Dublin, Ireland
Confluent Surgical, Inc. 2013-10-28 265M USD Divestiture
Waltham, Massachusetts · www.confluentsurgical.com
Mallinckrodt plc 2013-06-28 - Spin Off
Staines-Upon-Thames, United Kingdom · www.mallinckrodt.com
Nfocus Neuromedical, Inc. 2013-02-19 72M USD Add-on Acquisition
Palo Alto, California
CV Ingenuity Corp. 2012-12-26 - Add-on Acquisition
Fremont, California
MindFrame, Inc. 2012-07-02 75M USD Add-on Acquisition
Irvine, California · www.mindframeinc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 15 (71%) 1.9B (29%) 3 (75%) 530M (100%)
Healthcare Services 5 (24%) 4.0B (61%) - -
Consumer Products 1 (5%) 650M (10%) - -
Life Science - - 1 (25%) -
Total 21 $6.5B 4 $530M

By Geo

State/Country Buy Value Sell Value
United States 16 4.9B 2 295M
  California 8 1.3B - -
  Massachusetts 3 446M 1 265M
  North Carolina 1 - - -
  Minnesota 1 2.6B - -
  Georgia 1 650M - -
Israel 4 1.5B - -
France 1 123M - -
Ireland - - 1 235M
United Kingdom - - 1 -
Domestic - - 1 (25%) 235M (44%)
Cross-border 21 (100%) 6.5B (100%) 3 (75%) 295M (56%)
Total 21 $6.5B 4 $530M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1

Deal Values

buy # Total
> $1B 1 $2.6B
$100M to $1B 11 $3.8B
< $100M 2 $147M
TOTAL $6.5B
Largest ev3, Inc.
$2.6B (2010-06-01)
sell # Total
$100M to $1B 2 $500M
< $100M 1 $30M
TOTAL $530M
Largest Confluent Surgical, Inc.
$265M (2013-10-28)

M&A Connections

Deals %
Acquired from
PE Firm(s)
50%
4 50%
Strategic(s)
50%
4 50%
Divested to
Strategic(s)
100%
3 100%

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