[Image from Jp Valery on Unsplash]
Across 2021, medtech has seen a wide range of mergers and acquisitions covering several areas of devices, pharmaceuticals and more.Some have gone off without a hitch, while others fell into serious scrutiny as mouthwatering financial figures were revealed and major technologies were acquired.
Here are the 10 biggest mergers and acquisitions in medtech in 2021:
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Dentsply Sirona (NSDQ:XRAY) announced that it acquired clear dental aligner maker Byte in an all-cash deal worth $1.04 billion.
According to a news release, Byte possesses a leadership position in the direct-to-consumer clear aligner market, which Dentsply can now add to its SureSmile clear aligner business while strengthening its connection with dental professionals to drive growth.
Byte’s business model is designed on doctor-directed care for patients with mild to moderate orthodontic needs in an effort to improve access and affordability to this type of care. Offerings include treatment planning and the easy-to-use clear aligner being delivered directly to a consumer’s home.
Neeraj Gunsagar, the CEO of Byte, and the current management team at the company will continue to operate the business following the transaction.
“We’ve been impressed with the passion that Dentsply Sirona has for innovation in dentistry,” Gunsagar said in…