Week of October 24, 2023 | Vol. 12, Issue 42

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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

Investment Banking

Strategic Capital

Research


Contact Information

Xan Smith

Managing Director

Business Development

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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CPHI Barcelona

October 24-26, 2023 - Barcelona, Spain

Supply Side West 2023

October 23-27, 2023 - Las Vegas, NV

JP Morgan Healthcare Conference 2024

January 8-11, 2024 - San Francisco, CA

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

12 transactions totaling $135 million


Supplies, Equipment & Services

19 transactions totaling $3.4 billion


Healthcare Facilities & Distributors

8 transactions


Healthcare IT & Managed Care

7 transactions totaling $68 million

Private Placements

Pharma & Biotech

24 transactions totaling $427 million


Supplies, Equipment & Services

15 transactions totaling $218 million


Healthcare Facilities & Distributors

2 transactions totaling $50 million


Healthcare IT & Managed Care

13 transactions totaling $117 million

Public Offerings

Pharma & Biotech

10 transactions totaling $925 million


Supplies, Equipment & Services

4 transactions totaling $416 million


Healthcare Facilities & Distributors

1 transaction


Healthcare IT & Managed Care

4 transactions totaling $17 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 sub sectors.

Market Reports

Insight Into Healthcare Related Industries

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 Harold

Pharma Services | Sell-Side

Acquisition opportunity of U.S. based Sterile CDMO


Project Matador

Pharma | Sell-Side

Acquisition opportunity of two sterile injectable ANDAs


Project Panther

Pharma Services | Sell-Side

Acquisition opportunity of OTC and personal care CDMO

Project Phoenix

Pharma | Capital Raise

Investment opportunity in late-stage biopharmaceutical company


Project Pine

Pharma Services | Capital Raise

Investment opportunity in sterile injectable pharmaceutical manufacturer 


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

CMIC CMO USA and Rutgers University Join Forces to Advance Pharmaceutical Manufacturing Excellence

CMIC Group - Oct 16, 2023

SOTIO Enters Licensing Agreement With Synaffix to Expand ADC Pipeline

PR Newswire - Oct 16, 2023

KKR and Flerie Form Specialized Pharma Services Platform Frontier Biosolutions and Invest in Coriolis Pharma

Business Wire - Oct 16, 2023

Vaccine-focused P95 acquires South African CRO OnQ Research

Fierce Biotech - Oct 17, 2023

Saphetor, ICON Partner to Develop Precision Medicine Clinical Trial Strategies

Contract Pharma - Oct 17, 2023

Thermo Fisher Scientific to Acquire Olink, a Leader in Next-Generation Proteomics

Business Wire - Oct 17, 2023

Icon, Saphetor partner on trials targeting precision medicine and rare diseases

Fierce Biotech - Oct 18, 2023

Aldena Therapeutics Selects PCI Pharma Services to Manufacture and Distribute Innovative Investigational Treatment for Dermatological Diseases

Business Wire - Oct 19, 2023

Avania expands its medtech CRO offerings with day of double dealmaking

Fierce Biotech - Oct 19, 2023

TANNER NEWS

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Schedule a Meeting


📍 Catch us at CPhI this week! Schedule a meeting or come see us at Booth 80M40. We look forward to reconnecting with our industry partners.