Week of October 18, 2022 | Vol. 11, Issue 41


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.


More About Our Rebrand

We are excited to announce the launch of our new company logo and next step in our brand evolution!


Over the past 21 years, Bourne Partners has changed and evolved, and we wanted our new logo to reflect our growth as a company. The new logo has both modern and traditional elements as well as a custom “BP” logomark. We wanted to place emphasis on the “Bourne” in “Bourne Partners” and create a logo that is scalable and modern without losing the heart of the original branding.


This new logo will also make us more easily identifiable to our clients so that we can continue to bring our personal touch to financial advisory and the deployment of strategic capital. Although we have a new look, we will continue to offer a unique perspective and unmatched experience in our focus sectors.


We hope you like our new look as much as we do!


If you have used the Bourne Partners logo in any of your marketing materials, please assist us by updating to the new logo, and reach out to us with any questions. Thank you!

Events Hosted or Attended by Bourne Partners
October 24-26, 2022 - Leipzig, Germany
November 1-3, 2022 - Messe Frankfurt, Germany

JP Morgan Healthcare Conference

January 9-12, 2023 - San Francisco, CA

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 $40 million

Supplies, Equipment & Services

16 transactions totaling $765 million

Healthcare Facilities & Distributors

12 transactions totaling $10 million

Healthcare IT & Managed Care

9 transactions totaling $6 million


Pharma & Biotech

27 transactions totaling $972 million

Supplies, Equipment & Services

19 transactions totaling $93 million

Healthcare Facilities & Distributors

3 transactions

Healthcare IT & Managed Care

14 transactions totaling $184 million


Pharma & Biotech

11 transactions totaling $544 million

Supplies, Equipment & Services

11 transactions totaling $751 million

Healthcare Facilities & Distributors

0 transactions 

Healthcare IT & Managed Care

0 transactions

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

Cytiva strengthens cell line development with CEVEC acquisition

Cytiva - October 6, 2022

Ray Therapeutics and Forge Biologics Expand Their Viral Vector cGMP Partnership to Encompass Plasmid DNA Manufacturing

Business Wire - October 10, 2022

Charles River Launches nAAVigation Vector Platform to Accelerate Gene Therapy Programs

Business Wire - October 10, 2022

Ginkgo Bioworks Announces Collaboration with Merck to Improve Active Pharmaceutical Ingredient Manufacturing

PR Newswire - October 11, 2022

WuXi Biologics and Toregem BioPharma Sign MOU for Development of Anti-USAG-1 Antibody

PR Newswire - October 11, 2022

Mikart and Nano PharmaSolutions have entered into a collaboration agreement to manufacture clinical trial materials using NanoTransformer™ Technology

PR Newswire - October 11, 2022

Thermo Fisher Scientific Unveils New Clinical Research Laboratory in Virginia

Business Wire - October 12, 2022

Showa Denko Materials and Kidswell Bio Enter into an Agreement for Process Development and Clinical Manufacturing of Cell Therapy Products

B3C Newswire - October 13, 2022

Gamma Biosciences, Lonza Enter Cell and Gene Therapy Alliance

Contract Pharma - October 14, 2022

Stevanato Group and IL Group Partner to Improve Safe Processing & Handling of Hazardous Injectables

Contract Pharma - October 14, 2022



Bourne Partners Annual Summit

Thank you Bourne Partners! We appreciate everyone who met with us at the annual summit and attended our presentation by Steve Scalia covering pharma supply chain disruptions and Tanner's quick response to and navigation of unique challenges during COVID. Connect with our team to access presentation resources and discuss how to best leverage processes and technologies to ensure a resilient end-to-end supply chain.

KOPLUS Collaboration

In collaboration with KOPLUS, Tanner has updated the UK to better support associate workflow and team wellbeing—adding innovative, private noise-reducing pods, and plush spaces for co-working, socializing or taking a break

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.