Pharma BD Deal Intelligence

Tyco International Ltd. / Mallinckrodt plc

2000 · Acquisition/Merger · $4.2B · Complete

WRONG BY 64 POINTS
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Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Jun 14, 2000 AuntMinnie Bullish

Tyco chairman characterized Mallinckrodt's imaging, respiratory and analgesic businesses as 'strong platforms for future acquisitions and licensing…

Jun 15, 2000 Tech Monitor Bullish

Combination would make Tyco Healthcare the second-largest medical device manufacturer worldwide and the leader in respiratory care and bulk analgesic…

Oct 17, 2000 Federal Trade Commission Neutral

FTC required divestiture of overlapping endotracheal and laryngectomy tube product lines to preserve competition; consent order cleared the merger to close.

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Tyco International acquired Mallinckrodt in a stock-swap valued at ~$4.2B ($47.50/share). Mallinckrodt brought medical imaging, respiratory care, and analgesic pharmaceuticals businesses with FY1999 revenues of $2.6B. FTC settlement preserved competition in endotracheal tubes. Closed Oct 2000.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Neutral
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
Tyco International Ltd. / Mallinckrodt plc (this deal)2000$4.2B24
Vertex Pharmaceuticals Incorporated / Concert Pharmaceuticals, Inc.2017$250M85
Madison Dearborn Partners / Ikaria, Inc.2013$1.6B85
AstraZeneca PLC / Amgen Inc.2020$2.3B84
GlaxoSmithKline plc / Theravance, Inc.2012$213M82
Swedish Orphan Biovitrum AB / AstraZeneca PLC (Synagis US rights)2018$2.3B80
GSK plc / Jiangsu Hengrui Pharmaceuticals Co. Ltd.2025$12.0B65

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