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Life Sciences Diagnostic & Therapeutic Devices sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Life Sciences Diagnostic & Therapeutic Devices

1.1 - About Life Sciences Diagnostic & Therapeutic Devices sector

Companies in the Life Sciences Diagnostic & Therapeutic Devices category design, manufacture, and integrate clinical equipment that enables precise diagnosis and effective treatment across hospital and outpatient settings. These strategic buyers provide radiation therapy systems, interventional imaging-enabling devices, patient monitoring, surgical tools, and medication management platforms to improve clinical accuracy, workflow efficiency, and patient safety. M&A analysts use this category to identify strategic buyers in medical devices with diversified care delivery solutions.

Vendors in this space span high‑acuity therapy and diagnostics, delivering proton radiation therapy platforms alongside interventional imaging devices supported by contrast agents. They offer ambulatory and wearable ECG/EEG monitoring for remote diagnostics, and surgical closure solutions such as sutures, clips, adhesives, and sealants for hemostasis. Capabilities extend to rapid infusion and fluid warming systems, medication management carts and secure dispensing cabinets, dental implant systems with guided planning software, and clinic-based neuromodulation equipment for TMS.

Primary customers include hospitals and health systems, specialty outpatient clinics and surgical centers, and diagnostic imaging facilities. Outcomes commonly delivered are higher diagnostic confidence, reduced procedural complications, streamlined clinical workflows with bedside data access and automated dispensing, and improved patient safety through controlled therapy delivery and monitoring. These companies also support compliance with evolving device regulations while lowering total cost of care through interoperable, durable platforms.

2. Buyers in the Life Sciences Diagnostic & Therapeutic Devices sector

2.1 Top strategic acquirers of Life Sciences Diagnostic & Therapeutic Devices companies

Laborie Logo

Laborie

HQ: United States Website
  • Description: Provider of diagnostic and therapeutic medical devices focused on gastroenterology, urology, urogynecology and obstetrics, gynecology & neonatal care. The privately owned firm manufactures high-quality, high-impact products and supports them with clinical education, enabling clinicians and hospitals to improve patient outcomes through progressive technology and best practices.
  • Key Products:
  • Diagnostic Equipment: Advanced devices for urology, gastroenterology, gynecology, obstetrics and neonatology, enabling accurate clinical assessment and informed treatment decisions for healthcare professionals
  • Consumable Supplies: Specialty disposables engineered for compatibility with Laborie diagnostic systems, ensuring reliable test results and consistent patient care across multiple medical disciplines
  • Optilume® Urethral Drug-Coated Balloon: Minimally invasive balloon catheter delivering drug therapy to treat urethral strictures, now covered by BCBSM, improving stricture outcomes and expanding evidence-based care access
  • Comprehensive OB Product Suite: Integrated obstetric solutions supporting the full continuum from antenatal through postpartum, neonatal and gynecological surgical procedures, enhancing efficiency and patient safety throughout childbirth care.
  • Rationale: Provider of advanced urology/gastroenterology diagnostic equipment, Optilume Urethral Drug-Coated Balloon stricture therapy, and comprehensive OB suite for perinatal care.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Life Sciences Diagnostic & Therapeutic Devices sector

M&A buyer group 1: Diversified Medical Devices

27 companies View group →
Description: Companies in Healthcare Multiline Medical Device Solutions design, manufacture, and distribute broad portfolios of clinical equipment and consumables spanning diagnostics, monitoring, surgical, and therapy categories. Strategic buyers in this space provide end-to-end device ecosystems, unified procurement, and service coverage across care settings, helping providers standardize equipment, improve workflow reliability, and ensure regulatory compliance. Their diversified product lines support hospitals, clinics, and ambulatory centers with scalable options from capital equipment to single-use supplies.
Johnson & Johnson

Johnson & Johnson

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of pharmaceutical products and medical devices addressing immune disorders, cancer, neurological, infectious, cardiovascular and metabolic diseases, plus technologies for cardiovascular, orthopedic, neurovascular, general surgery and vision care; engaged in research, development, manufacturing and global sale of medicines and medical technologies to retailers, wholesalers, healthcare professionals and hospitals.
  • Key Products:
  • Pharmaceutical Therapeutics Portfolio: Treatments targeting immune disorders, cancer, neurological, infectious, cardiovascular and metabolic diseases, developed and manufactured for prescription use by healthcare professionals
  • Cardiovascular & Orthopedic Medical Devices: Implantable devices and surgical instruments for cardiovascular interventions, orthopedic reconstruction and neurovascular care, enhancing surgical precision and patient outcomes
  • General & Vision Surgery Technologies: Instruments and equipment supporting general surgery and vision care procedures, delivering advanced functionality that improves clinical efficiency and patient recovery
  • Consumer Health Brands (Johnson’s
  • Benadryl
  • Listerine): Over-the-counter medicines and personal care lines offering baby care, allergy relief and oral hygiene, distributed through global retail and wholesale channels.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Life Sciences Diagnostic & Therapeutic Devices sector

3.1 - Buyout funds in the Life Sciences Diagnostic & Therapeutic Devices sector

Buyout Funds investing in Life Sciences Diagnostic & Therapeutic Devices companies

51+ funds
Description: Buyout funds focused on Life Sciences Diagnostic & Therapeutic Devices companies globally.

EQT

Website HQ: Sweden
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Life Sciences Diagnostic & Therapeutic Devices
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Life Sciences Diagnostic & Therapeutic Devices sector

Growth Equity Funds in Life Sciences Diagnostic & Therapeutic Devices companies

41+ funds
Description: Growth equity funds focused on Life Sciences Diagnostic & Therapeutic Devices companies globally.

Idinvest Partners

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Life Sciences Diagnostic & Therapeutic Devices
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Life Sciences Diagnostic & Therapeutic Devices companies

4.2 - Public trading comparable groups for Life Sciences Diagnostic & Therapeutic Devices sector

Valuation benchmark group 1: Surgical Systems and Devices Manufacturers

27 companies View group →
Description: Companies in this public trading comparables group design, manufacture, and market surgical systems and interventional medical devices across ophthalmology, orthopedics, cardiology, endoscopy, radiation oncology, and robotic-assisted surgery. They sell capital equipment supported by high-margin consumables and service contracts, enabling recurring revenue. Grouped for valuation benchmarks, these device makers share similar regulatory pathways, provider-focused commercial models, and procedure-driven demand profiles that underpin comparable growth and margin dynamics.
Intuitive Surgical logo

Intuitive Surgical

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of robotic-assisted surgical systems and related instruments that enhance the ability of doctors to perform complex surgeries using minimally invasive techniques. Develops, manufactures, and markets the da Vinci Surgical System, offering improved clinical outcomes and greater access to definitive care.
  • Key Products:
  • da Vinci Surgical System: Robotic-assisted platform that enhances surgeons’ capabilities in performing complex procedures
  • EndoWrist Instruments: Surgical instruments designed for use with the da Vinci Surgical System
  • E-200 Generator: High-frequency energy generator for cutting, coagulation, and rapid vessel sealing
  • Firefly Imaging System: Advanced imaging technology for enhanced visualization during surgery
  • Training Programs: Comprehensive training and education services for healthcare providers
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Life Sciences Diagnostic & Therapeutic Devices sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Life Sciences Diagnostic & Therapeutic Devices sector

Who are the top strategic acquirers of Life Sciences Diagnostic & Therapeutic Devices companies?

Top strategic buyers in this sector include Laborie, a provider of diagnostic and therapeutic medical devices focused on gastroenterology, urology, urogynecology and obstetrics, gynecology & neonatal care. the privately owned firm manufactures high-quality, high-impact products and supports them with clinical education, enabling clinicians and hospitals to improve patient outcomes through progressive technology and best practices. .

Which buyer groups are most relevant for Life Sciences Diagnostic & Therapeutic Devices companies?

Relevant strategic buyer groups similar to the Life Sciences Diagnostic & Therapeutic Devices sector include Diversified Medical Devices because they share similar customer segments and product capabilities.

Financial Investors in Life Sciences Diagnostic & Therapeutic Devices sector

Which are the top PE firms investing in Life Sciences Diagnostic & Therapeutic Devices companies?

Potential investors in the broader Life Sciences Diagnostic & Therapeutic Devices space include Idinvest Partners and EQT.

Who are the top buyout funds acquiring Life Sciences Diagnostic & Therapeutic Devices companies?

Active PE funds and buyout funds acquiring companies in the Life Sciences Diagnostic & Therapeutic Devices space include EQT.

Who are the top growth equity funds investing in Life Sciences Diagnostic & Therapeutic Devices companies?

Growth funds investing in the broader Life Sciences Diagnostic & Therapeutic Devices sector include Idinvest Partners.

Valuation of Companies in Life Sciences Diagnostic & Therapeutic Devices sector

Which are the key public companies that are relevant trading comps for Life Sciences Diagnostic & Therapeutic Devices companies?

Key trading comparable groups include Intuitive Surgical, a provider of robotic-assisted surgical systems and related instruments that enhance the ability of doctors to perform complex surgeries using minimally invasive techniques. develops, manufactures, and markets the da vinci surgical system, offering improved clinical outcomes and greater access to definitive care..

Which are the key trading comparable groups for Life Sciences Diagnostic & Therapeutic Devices companies?

Similar trading comparable companies include Surgical Systems and Devices Manufacturers. Our platform tracks detailed trading comparable groups in the Life Sciences Diagnostic & Therapeutic Devices sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Life Sciences Diagnostic & Therapeutic Devices sector?

Our platform tracks M&A transactions in the Life Sciences Diagnostic & Therapeutic Devices sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Life Sciences Diagnostic & Therapeutic Devices?

Access recent funding rounds in the Life Sciences Diagnostic & Therapeutic Devices sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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