Top 10 Financial Advisors in Medical Industry in the World in 2021 by Deal Volume

The Goldman Sachs Group Inc, Rothschild & Co SCA, J.P. Morgan Securities LLC, Bank of America Corp, and Citigroup Inc are among the top 5 financial advisors in the medical industry in 2021 by deal volume. In terms of the geographic split, 9 out of 10 of the world’s top 10 financial advisors in the medical industry are headquartered in North America, whereas the remaining 1 is based in Europe. They employed a total of 579,938 people in 2021. Quidel-Ortho Clinical deal was one of the major deals in the medical sector in 2021. Citi acted as the financial advisor to Quidel, while Latham & Watkins LLP acted as the legal advisor to Ortho. Quidel Corporation, a manufacturer of diagnostic solutions at the point of care, and Ortho Clinical Diagnostics Holdings plc, an in vitro diagnostics company that makes products and diagnostic equipment for blood testing, announced the completion of the transaction combining Quidel and Ortho, creating QuidelOrtho Corp. Quidel acquired Ortho for $24.68 per share of common stock, for a total consideration of approximately $6 billion, including $1.75 billion of cash, funded through cash on the balance sheet and incremental borrowings. The deal was completed in Q2 2022. Tenet Healthcare Corp and United Surgical Partners International Inc-SurgCenter Development deal was another major deal in the medical sector in 2021. Goldman Sachs & Co LLC acted as financial advisor to Tenet, and Willkie Farr & Gallagher LLP served as legal counsel. Tenet Healthcare Corporation, a healthcare services company, and its subsidiary United Surgical Partners International (USPI), an ambulatory care company, has acquired SurgCenter Development (SCD), a healthcare center. Tenet/USPI acquired SCD’s ownership interests in 86 ambulatory surgery centers (ASCs) and other related ambulatory support services for approximately USD1.1 billion. The deal was completed in Q4 2021.