The med-tech industry kicked off 2025 with a remarkable surge in mergers and acquisitions (M&A), totaling $4.5 billion in January. This robust activity underscores the sector’s resilience and strategic growth initiatives, signaling a positive outlook for the year ahead.
Notable M&A Transactions in January 2025
Several high-profile deals highlighted the month’s M&A landscape:
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Stryker’s Acquisition of Inari Medical: Stryker finalized its $4.9 billion acquisition of Inari Medical, offering $80 per share in cash. This move significantly enhances Stryker’s presence in the cardiovascular and peripheral vascular markets, complementing its neurovascular portfolio. Inari specializes in devices for venous thromboembolism, including the ClotTriever and FlowTriever systems. (dealforma.com)
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Zimmer Biomet’s Purchase of Paragon 28: Zimmer Biomet completed its $1.2 billion acquisition of Paragon 28, paying $13 per share in cash with additional milestone payments. This deal strengthens Zimmer Biomet’s foot and ankle surgical portfolio, adding products like the SMART28 system and APEX 3D Total Ankle. (dealforma.com)
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Boston Scientific’s Acquisition of Bolt Medical: Boston Scientific announced the acquisition of the remaining 74% of Bolt Medical for $443 million upfront, with up to $221 million in milestone payments. Bolt’s key asset is a laser-based intravascular lithotripsy device for treating coronary and peripheral artery disease, enhancing Boston Scientific’s cardiovascular portfolio. (dealforma.com)
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Johnson & Johnson’s Agreement to Acquire Intra-Cellular Therapies: Johnson & Johnson agreed to acquire neurological drug maker Intra-Cellular Therapies for $14.6 billion. This acquisition aims to bolster J&J’s presence in the market for brain disease treatments. (intellizence.com)
Industry Outlook and Strategic Implications
The surge in M&A activity reflects a broader optimism in the healthcare sector. Companies are actively seeking to expand their portfolios and market reach, indicating a strategic focus on growth and innovation. Morgan Stanley’s co-head of investment banking, Mo Assomull, noted that the M&A pipeline is strong across various sectors, particularly technology, healthcare, industrials, and financials. (reuters.com)
Conclusion
The med-tech industry’s strong start to 2025, marked by significant M&A activity, underscores its resilience and strategic growth initiatives. As companies continue to seek expansion and innovation, the sector is poised for a dynamic and prosperous year ahead.

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