Week of February 20, 2024 | Vol. 13, Issue 8

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In This Issue

Upcoming Events

Industry M&A Activity

Recent Transactions

Trading Comps

Market Reports

M&A Pipeline

Featured Headlines



Quick Links

Who We Are

Investment Banking

Strategic Capital

Research


Contact Information

Xan Smith

Managing Director,

Business Development and Sponsor Coverage

xsmith@bourne-partners.com


Jeremy C. Johnson

Senior Managing Director, Head of Investment Banking

jjohnson@bourne-partners.com

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.

UPCOMING EVENTS

Events Hosted or Attended by Bourne Partners

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DCAT Week 2024

March 18-21, 2024 - New York, NY

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CHPA 2024

March 18-20, 2024 - Amelia Island, FL

CHPI North America 2024

May 7-9, 2024 - Philadelphia, PA

2024 ACG New York 16th Annual Healthcare Conference

June 26, 2024 - New York, NY

Let's Meet!

Please reach out to Xan Smith to schedule a meeting with Bourne Partners in the following locations:

INDUSTRY M&A ACTIVITY

Recent Transactions, Trading Comps, Market Reports, M&A Pipeline

Recent Transactions

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.

M&A Transactions

Pharma & Biotech

10 transactions totaling $4,478 million


Supplies, Equipment & Services

10 transactions totaling $45 million


Healthcare Facilities & Distributors

4 transactions totaling $543 million


Healthcare IT & Managed Care

4 transactions totaling $87 million

Private Placements

Pharma & Biotech

20 transactions totaling $1,032 million


Supplies, Equipment & Services

19 transactions totaling $268 million


Healthcare Facilities & Distributors

0 transactions


Healthcare IT & Managed Care

9 transactions totaling $27 million

Public Offerings

Pharma & Biotech

26 transactions totaling $14,390 million


Supplies, Equipment & Services

10 transactions totaling $1,156 million


Healthcare Facilities & Distributors

2 transactions totaling $1,149 million


Healthcare IT & Managed Care

4 transactions totaling $11 million

Trading Comps

A Breakdown of Relevant Trading Multiples

This is a high-level breakdown of median revenue and EBITDA multiples for each of the specific subsectors.

Market Research

Insight Into Healthcare Related Industries

Bourne Brief: Navigating Tailwinds & Headwinds in Clinical Research Service

Bourne Partners - Nov 2023

M&A Pipeline

Representative Current Retained Sell-Side and Partnering Opportunities

Project Ester

Consumer Health | Strategic Partnering 

Partnering opportunity for launch and commercialization of novel OTC dry eye product



Project Nirvana

Pharma | Capital Raise

Investment opportunity in sterile injectable pharmaceutical manufacturer and compounder

Project Panther

Pharma Services | Capital Raise

Investment opportunity in OTC and personal care CDMO


Project Trident

Pharma | Buy-Side

Seeking generic liquids or established brands across all formats sold through the hospital / institutional channel

Featured Headlines

A Sampling of Industry Headlines

As AI adoption in healthcare grows, Senate lawmakers weigh regulation, payment approaches

Fierce Healthcare - Feb 12, 2024

Multiply Labs and Thermo Fisher Scientific Expand Partnership to Automate Cell Expansion and Separation in Cell Therapy Manufacturing

Business Wire - Feb 12, 2024

Gilead Sciences Expands Liver Portfolio With Acquisition of CymaBay Therapeutics

Gilead - Feb 12, 2024

AbbVie concludes acquisition of ImmunoGen for $10.1bn

Pharmaceutical Technology - Feb 13, 2024

90,000 sq. ft. Expansion of Grand River Aseptic Manufacturing’s Finishing and Warehouse Center is Complete

GRAM - Feb 13, 2024

Biofourmis reels in 4 Big Pharma partnerships for cancer clinical trials

Fierce Biotech - Feb 14, 2024

Oracle extends CRO reach with AMS, Firma Clinical and EPS additions

Fierce Biotech - Feb 14, 2024

Selkirk Pharma Announces New APS Qualified Facility with Advanced Fill/Finish Capacity in Spokane, WA

Business Wire - Feb 15, 2024

INCOG BioPharma Services adds 100 million units of syringe/cartridge capacity

PR Newswire - Feb 15, 2024