Week of January 30, 2024 | Vol. 13, Issue 5

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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 and Sponsor Coverage

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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SCOPE Summit for Clinical Ops Executives 2024

February 11-14, 2024 - Orlando, FL

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2024 ACG New York 16th Annual Healthcare Conference

February 22, 2024 - New York, NY

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DCAT Week 2024

March 18-21, 2024 - New York, NY

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CHPA 2024

March 18-20, 2024 - Amelia Island, FL

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

5 transactions totaling $2,106 million


Supplies, Equipment & Services

13 transactions totaling $62 million


Healthcare Facilities & Distributors

8 transactions


Healthcare IT & Managed Care

4 transactions totaling $18 million

Private Placements

Pharma & Biotech

29 transactions totaling $823 million


Supplies, Equipment & Services

21 transactions totaling $180 million


Healthcare Facilities & Distributors

1 transaction


Healthcare IT & Managed Care

5 transactions totaling $27 million

Public Offerings

Pharma & Biotech

21 transactions totaling $478 million


Supplies, Equipment & Services

7 transactions totaling $30 million


Healthcare Facilities & Distributors

1 transaction


Healthcare IT & Managed Care

1 transactions totaling $13 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 subsectors.

Market Research

Insight Into Healthcare Related Industries

Bourne Brief: Navigating Tailwinds & Headwinds in Clinical Research Service

Bourne Partners - Nov 2023

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 Nirvana

Pharma | Capital Raise

Investment opportunity in sterile injectable pharmaceutical manufacturer and compounder

Project Panther

Pharma Services | Sell-Side

Acquisition opportunity of OTC and personal care CDMO


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

Kindeva Drug Delivery Acquires Summit Biosciences, a Specialized Nasal Drug Development and Manufacturing Organization

Bourne Partners - Jan 18, 2024

Coherus to divest ophthalmology franchise to Sandoz for $170 Million

Opthamology Times - Jan 23, 2024

Recipharm, Medspray, and Resyca enter into exclusive license agreement to develop nasally-delivered drug products using proprietary soft mist technology

Recipharm - Jan 24, 2024

In M&A deal, Oncodesign absorbs Dutch CRO ZoBio for undisclosed amount

Fierce Biotech - Jan 24, 2024

iuvo BioScience acquires ophthalmology CRO Promedica for undisclosed price

Fierce Biotech - Jan 24, 2024

Alcami Opens New Advanced Pharma Storage and Services Facility in Central North Carolina

PR Newswire - Jan 24, 2024

EUROAPI, SpiroChem Partner on CRO-CDMO Services

Contract Pharma - Jan 25, 2024

Merck inks R&D deal with Intermountain spinoff Culmination Bio

Fierce Biotech - Jan 25, 2024

TANNER NEWS

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The Tanners

Teamwork makes the dream work. We recently held our annual company-wide awards ceremony to celebrate and recognize our associates' achievements. Learn more about our award recipients.