Platform·Healthcare/Medical Devices·July 10, 2026
Apollo invests $3.4B in Bayer’s LARC business
The carve-out includes a global portfolio of intrauterine devices and contraceptive implants spanning hormone-based and non-hormonal options used by millions of women.
Takeaways
- Bayer's LARC Business is a global long-acting reversible contraception portfolio that includes intrauterine devices and contraceptive implants.
- Apollo Global Management is acquiring Bayer's LARC Business.
- Disclosed scale includes $3.4 billion.
BuyerApollo Global Management
TargetBayer's LARC Business
SponsorApollo Global Management
SellerBayer
TypePlatform
IndustryHealthcare
Sub-sectorMedical Devices
Apollo invested $3.4 billion in Bayer’s long-acting reversible contraception business, carving out a portfolio of intrauterine devices and contraceptive implants from Bayer’s pharmaceutical division.
The transaction establishes the LARC unit as an independent women’s health platform focused on hormone-based and non-hormonal reproductive health products used across global markets.
Bayer said the carve-out gives the business dedicated ownership and capital for its next phase of growth.
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