Third quarter device financing totaled $2.6 billion, a 24% decrease from the $3.4 billion brought in during Q2. The change partially stems from a sharp decline in debt financing. During the third quarter, debt raises brought in $258 million, just 10% of the Q3 total, while in the previous quarter, aggregate debt (at $947 million) represented 28% of the financing total.
Device fundraising in the third quarter totaled $2.6 billion, a 24% decrease from Q2's $3.4 billion. Q3 M&A activity reached $5.6 billion, also a decline from the previous quarter. Q3 diagnostics financings totaled $900 million and M&As $532 million, both lower than Q2.
Exhibit 1
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