Despite a challenging year with many COVID-19-related interruptions, medtech companies’ deal-making “firepower” is at an all-time high, which positions the sector well for a very active mergers and acquisitions market in 2021, according to EY’s M&A Firepower report released today.
In spite of many procedures getting postponed due to COVID-19 in 2020, medtech’s firepower, which EY defines as a company’s ability to do M&A based on its market capitalization, cash balance and debt capacity, is up 13% from 2019 to nearly $500bn, an all-time high for the sector
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