Week of November 8, 2022 | Vol. 11, Issue 44


In This Issue

Upcoming Events

Industry M&A Activity

Recent Transactions

Trading Comps

Market Reports

M&A Pipeline

Featured Headlines

Tanner Updates

Quick Links

Who We Are

M&A Discussion Group

Daybreak Consumer Care

Carlin Consumer Health

Contact Information

Xan Smith

Managing Director

Business Development


Jeremy C. Johnson

Managing Director

Head of M&A and Capital Advisory


Industry Snapshot
Above is an overview of recent industry M&A activity. Click on the chart to view complete transaction tables broken out by industry sub sectors. For additional information, see the Industry M&A Activity section below.
Events Hosted or Attended by Bourne Partners

JP Morgan Healthcare Conference

January 9-12, 2023 - San Francisco, CA

DCAT Week 2023

March 20-23, 2023 - New York City, NY

Recent Transactions, Trading Comps, Market Reports, M&A Pipeline
An Overview of Transactions Within Market Sub-segments
Below are summaries and charts with the past week's transactions from the different healthcare sectors. For a detailed table showing data for each industry transaction click on any of the charts. Total transaction values are provided in USD millions.

Pharma & Biotech

11 transactions totaling $353 million

Supplies, Equipment & Services

37 transactions totaling $23,915 million

Healthcare Facilities & Distributors

6 transactions totaling $7 million

Healthcare IT & Managed Care

5 transactions


Pharma & Biotech

31 transactions totaling $1,055 million

Supplies, Equipment & Services

22 transactions totaling $162 million

Healthcare Facilities & Distributors

2 transactions

Healthcare IT & Managed Care

17 transactions totaling $125 million


Pharma & Biotech

26 transactions totaling $913 million

Supplies, Equipment & Services

2 transactions

Healthcare Facilities & Distributors

1 transaction

Healthcare IT & Managed Care

2 transactions totaling $10 million

A Breakdown of Relevant Trading Multiples
This is a high-level breakdown of median revenue and EBITDA multiples for each of the specific sub sectors.

Insight Into Healthcare Related Industries

Pharma Services Sector Snapshot 1H 2022

August 2022

Consumer Health Sector Snapshot Q2 2022

June 2022


Representative Current Retained Sell-Side And Partnering Opportunities

Project Ester

Sell-side |Pharma| OTC Technology and Products Developer

Project Gateway

Sell-Side |Pharma| Generic Pharmaceuticals

Project Jazz

Sell-Side |Pharma Services| Compounding Pharmacy and Pharmacy Service Provider

Project Panther

Sell-Side| CDMO | Consumer Health and Medical Device

Project Power Play

Buy-Side | Specialty Pharma |Branded & Generic Pharmaceuticals

Project Trident

Buy-Side | Generic Pharma | Manufacturing liquid generics


A Sampling of Industry Headlines

CSL Enters Licensing Agreement with Arcturus Therapeutics for Next Generation mRNA Vaccine Technology

PR Newswire - November 1, 2022

Veeva, Merck Enter Long-Term Strategic Pact

Contract Pharma - November 1, 2022

BioCentriq Cuts the Ribbon to Officially Open Additional GMP Manufacturing Site in South Brunswick, NJ

PR Newswire - November 1, 2022

NIH awards $147M to expand diversity in Alzheimer's research project

Fierce Biotech - November 3, 2022

Sia Partners Accelerates in the Life Sciences Sector with the Acquisition of Latham BioPharm Group

Business Wire - November 3, 2022

TFF Pharmaceuticals Enters Collaboration with Aptar Pharma

Contract Pharma - November 3, 2022

Exelixis and Catalent Enter into New License Agreement for Three Antibody-Drug Conjugate Programs with the Potential to Accelerate Exelixis’ Biologics Pipeline

Catalent - November 3, 2022

Norstella completes acquisition of Citeline to form $5B pharma intelligence group

Fierce Biotech - November 3, 2022

H.I.G. Capital Completes Acquisition of Celerion

Business Wire - November 3, 2022



Rare Disease 2022 Campaign

The Rare Disease 2022 campaign is a collaboration of the global rare disease community to raise awareness and share ideas. Find Tanner's article online on page 8, with insights from EVP John Lagus on alternate ways for rare disease patients to access treatment.

TannerCARES x Habitat for Humanity

Last week several of our Charlotte associates spent the day volunteering with Habitat for Humanity through our TannerCARES program. Our team had a great experience helping put up drywall and supporting other building needs for a series of townhomes.

Let's Connect!
The Tanner team will be attending several networking events in the coming weeks. Let’s connect to discuss how our organizations can improve patient lives, together.