ATLANTA, April 19, 2013 /PRNewswire-USNewswire/ -- Although there were 26 med-tech deals reported or closed in the first quarter of 2013 as compared to 31 for the first quarter 2012, the value of the deals was significantly higher in 2013. The 1Q12 deals totaled $6.67 billion, increasing 55% to $10.35 billion in 1Q13. This was highlighted in the first edition of the new Med-Tech Financial Review, a quarterly enhancement to Medical Device Daily, the industry's news service of record.
Medical Device Daily also reported on 122 funding items in 1Q13 vs. 120 in 1Q12. Overall, med-tech companies raised $4.9 billion in the 1Q of 2013 compared to $4 billion raised in the 1Q of 2012. The number of agreements reported on in 1Q13 decreased slightly to 180, down from 189 in 1Q12.
Medical Device Daily is pleased to announce the release of this inaugural report, offered free to our subscribers. Med-Tech Financial Review is a 20-page compilation of the most important financings deals and agreements of the 1Q of 2013. It is designed to give Medical Device Daily subscribers a detailed analysis of the most important events of the quarter, with an eye toward comparing and contrasting it to the 1Q of 2012.
"With all of the concerns that the med-tech industry has faced on the regulatory, reimbursement and funding fronts over past few years, it's encouraging to see that both the value of deals and financings has increased from the year ago quarter," said Medical Device Daily Executive Editor Holland Johnson.
"Medical Device Daily strives to provide its readership with even greater value, and this report follows the addition of the Extras on key sectors of med-tech, the Midday Report and the Breaking News Alert," Johnson concluded.
Medical Device Daily is the news service of record for the medical technology industry and is relied on by thousands of industry insiders every business morning. Medical Device Daily offers unbiased business-focused news to an executive audience striving to stay ahead of the curve in this fast-paced industry.
Click here to receive a complimentary PDF of the inaugural edition of Med-Tech Financial News 1Q13: http://insight.ahcmedia.com/MDDFinancialReviewApril2013
CONTACT: Holland Johnson, Executive Editor, 404-262-5540
SOURCE Medical Device Daily