Week of September 26, 2023 | Vol. 12, Issue 38

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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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McGuireWoods' 16th Annual Healthcare Finance & Growth Conference

September 27 - 28, 2023 - Charlotte, NC

Bourne Partners Annual CEO Summit 2023

Invitation Only

October 4, 2023 - Charlotte, NC

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

13 transactions totaling $899 million


Supplies, Equipment & Services

12 transactions totaling $1.3 billion


Healthcare Facilities & Distributors

10 transactions


Healthcare IT & Managed Care

4 transactions

Private Placements

Pharma & Biotech

32 transactions totaling $353 million


Supplies, Equipment & Services

28 transactions totaling $357 million


Healthcare Facilities & Distributors

1 transaction


Healthcare IT & Managed Care

17 transactions totaling $225 million

Public Offerings

Pharma & Biotech

16 transactions totaling $2.3 billion


Supplies, Equipment & Services

10 transactions totaling $939 million


Healthcare Facilities & Distributors

1 transaction


Healthcare IT & Managed Care

2 transactions totaling $101 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 Beach

Pharma Services | Sell-Side

Acquisition opportunity of Clinical Trial Services Provider


Project Elevate

Pharma Services | Capital Raise

Investment opportunity in Digital Health patient adherence platform


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 Panther

Pharma Services | Sell-Side

Acquisition opportunity of OTC and personal care CDMO


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

PackGene Biotech and Kudo Biotechnology Partner to Offer Customized mRNA Manufacturing Services

PR Newswire - Sep 19, 2023

Merck KGaA Enters Strategic AI-driven Discovery Alliances

Contract Pharma - Sep 20, 2023

Pharmanovia Acquires Global CNS Portfolio from Sanofi

Contract Pharma - Sep 20, 2023

Glenmark Pharma announces Proposed Divestment of Majority Stake in Glenmark Life Sciences

Glenmark Pharmaceuticals - Sep 21, 2023

SK pharmteco Acquires Controlling Interest in CBM

Contract Pharma - Sep 21, 2023

Chime Biologics Announced Global Strategic Cooperation with Panolos Bioscience to Advance Multi-specific Therapeutic Proteins Development

PR Newswire - Sep 22, 2023

MedRhythms sounds out Curavit to study auditory stimulation tech on stroke patients

Fierce Biotech - Sep 25, 2023

TANNER NEWS

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Tanner Pharma Group to Attend Exopharm


📍 Let's meet at expopharm! Schedule a meeting or come see us at 𝗦𝘁𝗮𝗻𝗱 𝗕𝟳𝟭 𝗛𝗮𝗹𝗹 𝟯.𝟮. We look forward to reconnecting with our industry partners.