Pharma BD Deal Intelligence

Roche Holding AG / Corange Ltd. (Boehringer Mannheim Group)

1997 · Acquisition/Merger · $11.0B · Complete

CALLED IT — OFF BY 8
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Top 10 largest deals of the 1990s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

May 27, 1997 Royal Gazette (UBS) Bearish

UBS analyst Birgit Kulhoff estimated the purchase price was equivalent to an earnings multiple of about 25, noting this is not exactly the cheapest deal for…

Jun 02, 1997 The Dark Report Bullish

Roche Holdings, Ltd. acquires Boehringer Mannheim in merger, forming the largest diagnostic manufacturer in the world with 13,500 employees and yearly sales…

Apr 24, 2026 PharmExec Bullish

Roche's acquisition of Boehringer Mannheim eclipsed Abbott Laboratories as the world's largest diagnostics company, combining complementary portfolios across…

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Roche acquired the Corange group, parent of Boehringer Mannheim and DePuy, for approximately $11 billion (DM 18.7 billion), creating the world's largest diagnostics company with combined yearly sales exceeding $2.5 billion in the diagnostics segment.

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / Corange Ltd. (Boehringer Mannheim Group) (this deal)1997$11.0B88
Roche Holding AG / Chugai Pharmaceutical Co. Ltd.2002$1.4B100
Roche Holding AG / Ventana Medical Systems Inc.2008$3.4B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88
Roche Holding AG / Foundation Medicine, Inc.2015$1.1B87
Roche Holding AG / Foundation Medicine, Inc.2018$5.3B85
Roche Holding AG / GlycArt Biotechnology AG2005$182M80

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