Deals
Deal activity by volume related to AI increased by 18% year-on-year in 2023 in the medical industry
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Analysis of the key themes driving deal activity reveals that AI accounted for 1,762 medical deals between 2019 and 2023, worth a total value of $105.21bn, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $3.75bn merger of Globus Medical was the largest disclosed deal in 2023, while the $16bn acquisition of Nuance Communications by Microsoft was the largest disclosed deal in 2021.
In volume terms, AI related deal activity increased by 18% year-on-year in 2023 and decreased by 3% year-on-year in 2022.
Deal activity related to AI in the global medical industry in the last five years
Top deals related to AI in the medical industry in the last five years
Deal volume by deal type for AI related deals in the medical industry in the last five years
Venture Financing accounted for the highest number of deals in the last five years, with 1,217 deals, followed by Equity Offering (235), Acquisition (186), Private Equity (61), Merger (34), and Asset Transaction with 29 deals.
Top financial advisors for AI related deals by value in the medical industry in the last five years
The top financial advisors supporting deals related to AI in the medical industry in the last five years in terms of value were Goldman Sachs & Co, Lazard, Evercore, Morgan Stanley, UBS Group, BofA Securities, Moelis & Co, Morgan Stanley & Co., Cowen and Company, and HSBC Holdings.
Top legal advisors for AI related deals by value in the medical industry in the last five years
The top legal advisors supporting deals related to AI in the medical industry in the last five years in terms of value were Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; Paul, Weiss, Rifkind, Wharton & Garrison; Latham & Watkins; Wachtell, Lipton, Rosen & Katz; Wilmer Cutler Pickering Hale and Dorr; Gibson, Dunn & Crutcher; Davis Polk & Wardwell London; Clifford Chance; Kirkland & Ellis; and Hengeler Mueller Partnerschaft von Rechtsanwalten.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
