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Capital CVRx Aldevron Agiliti

IPOs, M&A the Big News in Medical Alley Association Quarterly Report

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What to know about the Medical Alley Association’s quarterly investment report:

  • The Medical Alley Association has released its quarterly investment report, detailing capital raised in Q2 2021
  • Four companies — Bright Health ($924 million), CVRx ($126 million), Miromatrix ($43 million), and Agiliti ($368 million) — IPO’d during the quarter, totaling nearly $1.5 billion (and breaking decades-held records in the process)
  • Mergers and acquisitions were another big trend of the quarter
    • The biggest acquisition news was Danaher’s (Washington D.C.) acquisition of Fargo’s Aldevron for $9.6 billion
    • More than 10 other mergers and acquisitions were finalized during the quarter (full list below)
  • Another big number — 36 companies raised a total of $52 million
    • Medical Device was first with $30 million, Digital Health in second with ($17 million), and Biotech/Pharm in third with $2.4 million

Check out the full report, and look through the full list of Q2 2021 mergers and acquisitions below.

  • 4/1/21: Carrus Learn (Lehi, UT) acquired Archetype Innovations (Duluth, MN)
  • 4/6/21: Concord USA (Hopkins, MN) acquired Upton Hill (Edina, MN)
  • 4/27/21: DispatchHealth (Denver, CO) acquired Professional Portable X-Ray (Burnsville, MN)
  • 4/27/21: Hunter Street (Minneapolis, MN) acquired Kirkpatrick Dental Care (Knoxville, TN)
  • 5/4/21: CVC Capital Partners (Luxembourg, BE) acquired a majority interest in Icario (Minneapolis, MN)
  • 5/4/21: Provation (Minneapolis, MN) acquired iProcedures (Tampa, FL)
  • 5/19/21: EPTAM (Northfield, MN) acquired Mendell (Lakeville, MN)
  • 5/20/21: Recuro (Richardson, TX) acquired SupDoc (Minneapolis, MN)
  • 6/1/21: Abiomed (Danvers, MA) acquired preCARDIA (St. Paul, MN)
  • 6/2/21: Vyne Dental (Dunwoody, GA) acquired OperaDDS (Wayzata, MN)
  • 6/8/21: Icario (Minneapolis, MN) acquired ChipRewards (Birmingham, AL)
Alex Skjong
Alex Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and tech.mn. When he’s not writing or editing, there’s a good chance he’s enjoying a refreshing brew and explaining the merits of heavy metal (of which there are many).

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