Covidien - M&A Summary, Ownership, and Business Overview

Medical ProductsCompany

Covidien M&A Summary

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%).

Covidien Ownership

Who owns Covidien?

Covidien is owned by Medtronic. It was acquired on June 15, 2014.

Covidien Business Overview

Where is Covidien headquartered?

Covidien is headquartered in Dublin, Ireland.

How many employees does Covidien have?

Covidien has 38,500 employees.

What sector is Covidien in?

Covidien is a medical products company.

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 ≤ '19 '20 '21 '22 '23 '24 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
Dublin, 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
Investor(s)
14%
3 (14%)
Strategic(s)
19%
4 (19%)
Divested to
Strategic(s)
75%
3 (75%)

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Medical Products Companies , Ireland Companies