Lower Middle Market Medical Device M&A Trends
M&A activity in the broader healthcare equipment sector was once again quite healthy in 2016. As in the past, most reporting on the deals in this space focused exclusively on transactions over $1 billion in enterprise value. Interestingly, the number of deals in the lower middle market (LMM), those under $400M, outnumber the larger deals by approximately 4:1 which is consistent with the previous five years. It is surprising then that there is…