Week of September 20, 2022 | Vol. 11, Issue 37


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
September 22-23, 2022 - New Brunswick, NJ
October 12, 2022 - Charlotte, NC
October 24-26, 2022 - Leipzig, Germany
November 1-3, 2022 - Messe Frankfurt, Germany
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

19 transactions totaling $167 million

Supplies, Equipment & Services

7 transactions

Healthcare IT & Managed Care

8 transactions $883 million

Healthcare Facilities & Distributors

8 transactions totaling $90 million


Pharma & Biotech

19 transactions totaling $758 million

Supplies, Equipment & Services

24 transactions totaling $140 million

Healthcare IT & Managed Care

23 transactions totaling $186 million

Healthcare Facilities & Distributors

3 transaction totaling $4 million


Pharma & Biotech

16 transactions totaling $1,050 million

Supplies, Equipment & Services

5 transactions totaling $44 million

Healthcare IT & Managed Care

2 transactions totaling $10 million

Healthcare Facilities & Distributors

1 transaction

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 Beach

Sell-Side |Pharma Services| Clinical Trial Services Provider

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 S

Sell-side |Pharma Services | Compounding Pharmacy and Telehealth Platform

Project Trident

Buy-Side | Generic Pharma | Manufacturing liquid generics


A Sampling of Industry Headlines

Awakn Life Sciences Signs Drug Development Agreement with Catalent for Zydis(R) Technology (An Orally Disintegrating Tablet) to Conduct Feasibility Studies to Improve Differentiation of Its MDMA Program

Yahoo- September 12, 2022

AmerisourceBergen to Expand Global Biopharma Services Platform With Acquisition of PharmaLex

Business Wire - September 12, 2022

Bora expands its CMDO capabilities as it makes landmark acquisition of TWi Pharmaceuticals

Bora Pharmaceuticals - September 14, 2022

Drug metabolism expert BioIVT acquires XenoTech CRO from Sekisui

Fierce Biotech - September 15, 2022

Strata Oncology expands pan-tumor clinical collaboration with Pfizer

Fierce Biotech - September 15, 2022



Rare Rev-inar September 22, 2022

Join us on 22 September for a collaborative, multi-stakeholder discussion on early access pathways with opportunities for audience engagement and questions. Save your spot

Pharma Trends & Opportunities in Latin America

For pharma companies interested in product expansion, Latin America is one of the most dynamic regions in the world. Steve Scalia offers his perspective on the challenges and opportunities in emerging LATAM pharma markets.. Read more.

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.