Device Deals Carry Healthcare M&A -- Market Talk
16 May 2017 - 1:15AM
Dow Jones News
10:45 ET - While deals in the pharmaceuticals space made up the
lions share of healthcare deals each of the last few years, devices
and services M&A has been the bright spot in terms of deal flow
this year. On Monday, lab equipment maker Thermo Fisher Scientific
(TMO) agreed to buy Patheon (PTHN) for $5.2B. That comes just weeks
after device maker Becton Dickinson's (BDX) $24B deal to buy CR
Bard (BCR). The services space has also been busy, with recent
trades of Air Methods (AIRM), VWR (VWR) and INC Research (INCR).
TMO shares are up 0.9% to $173; PTHN jumps 33% to $34.57.
(dana.mattioli@wsj.com; @DanaMattioli)
(END) Dow Jones Newswires
May 15, 2017 11:00 ET (15:00 GMT)
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