Week of October 17, 2023 | Vol. 12, Issue 41

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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

9 transactions totaling $6.1 billion


Supplies, Equipment & Services

22 transactions totaling $693 million


Healthcare Facilities & Distributors

5 transactions totaling $210 million


Healthcare IT & Managed Care

7 transactions totaling $756 million

Private Placements

Pharma & Biotech

24 transactions totaling $333 million


Supplies, Equipment & Services

18 transactions totaling $493 million


Healthcare Facilities & Distributors

5 transactions totaling $25 million


Healthcare IT & Managed Care

9 transactions totaling $26 million

Public Offerings

Pharma & Biotech

9 transactions totaling $1.8 billion


Supplies, Equipment & Services

6 transactions


Healthcare Facilities & Distributors

0 transactions


Healthcare IT & Managed Care

2 transactions totaling $20 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 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 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

Bristol Myers Squibb buys Mirati for up to $5.8B as I-O giant branches out into targeted therapy for cancer

Fierce Pharma - Oct 9, 2023

QHP Capital Acquires Applied StemCell

BioSpace - Oct 9, 2023

Large Molecule CDMO, Cytovance Biologics, and Custom Strain Development Expert, Vectron Biosolutions, Partner to Improve Development of Complex Microbial Molecules

Business Wire - Oct 10, 2023

Cellares Announces Expanded Agreement with Bristol Myers Squibb to Include Second CAR-T Program in Cellares’ Technology Adoption Partnership Program

Business Wire - Oct 11, 2023

IQVIA allies with CEPI to speed drug development for battling future disease outbreaks

Fierce Biotech - Oct 12, 2023

Amgen, AbbVie, Gilead, Merck and more form coalitSterling Pharma Acquires NewChem Technologiessh back on FTC's M&A reforms

Contract Pharma - Oct 16, 2023

TANNER NEWS

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Let's meet at LASID! Schedule a meeting or come see us at Stand #7.