Covidien deal cements Goldman Sachs' lead in healthcare

The US bank is firmly ahead of its rivals in the healthcare advisory league table as we approach the half-way point of the year

Goldman Sachs is firmly at the top of global healthcare advisory league table as we approach the half-way point of the year, with a role on Covidien's sale meaning the bank has worked on a 70% share of deal value so far this year.

Medtronic yesterday bought Covidien in a cash-and-stock transaction at $93.22 per share, valuing the company at about $42.9 billion, a 29% premium to Covidien's closing price on Friday, according to a statement from the companies.

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