Week of March 26, 2024 | Vol. 13, Issue 13

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In This Issue

Upcoming Events

Industry M&A Activity

Recent Transactions

Trading Comps

Market Reports

M&A Pipeline

Featured Headlines



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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CHPA 2024

March 18-20, 2024 - Amelia Island, FL

ACG DealMAX 2024

April 29-May 1, 2024 - Las Vegas, NV

CHPI North America 2024

May 7-9, 2024 - Philadelphia, PA

McGuireWoods 20th Annual Healthcare Private Equity and Finance Conference

May 8-9, 2024 - Chicago, IL

2024 ACG New York 16th Annual Healthcare Conference

June 26, 2024 - New York, NY

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 $2,775 million


Supplies, Equipment & Services

9 transactions totaling $769 million


Healthcare Facilities & Distributors

1 transaction


Healthcare IT & Managed Care

4 transactions

Private Placements

Pharma & Biotech

27 transactions totaling $698 million


Supplies, Equipment & Services

15 transactions totaling $126 million


Healthcare Facilities & Distributors

0 transactions


Healthcare IT & Managed Care

8 transactions totaling $159 million

Public Offerings

Pharma & Biotech

31 transactions totaling $1,803 million


Supplies, Equipment & Services

12 transactions totaling $419 million


Healthcare Facilities & Distributors

1 transactions totaling $112 million


Healthcare IT & Managed Care

6 transactions totaling $5,970 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

Capital Markets Update: 2024 Outlook

Bourne Partners - Feb 2024

M&A Pipeline

Representative Current Retained Sell-Side and Partnering Opportunities

Project Bison

Pharma Support Services | Sell-Side 

Acquisition opportunity of a CQV, calibration & metrology, and other pharma support services platform



Project Ester

Consumer Health | Strategic Partnering 

Partnering opportunity for launch and commercialization of novel OTC dry eye product


Project Ignatius

Pharma Services | Sell-Side

Acquisition opportunity of Phase I clinical research site




Project Nirvana

Pharma | Capital Raise

Investment opportunity in sterile injectable pharmaceutical manufacturer and compounder



Project Panther

Pharma Services | Capital Raise

Investment opportunity in 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

Matthew Bullard Joins Bourne Partners as a Strategic Advisor

Bourne Partners

Ampersand Capital Partners Acquires Biologos

PR Newswire

Kindeva Drug Delivery Welcomes Jennifer Riter, New Vice President of Analytical Services

Business Wire

Bayer, Thermo Fisher Partner to Advance Access to Precision Cancer Medicines

Contract Pharma

Google's healthcare AI ambitions: New model for personal health coaching and next steps for gen AI

Fierce Healthcare

Google's healthcare AI ambitions: New model for personal health coaching and next steps for gen AI

Fierce Healthcare

Bayer, Thermo Fisher Partner to Advance Access to Precision Cancer Medicines

Contract Pharma

Kindeva Drug Delivery Welcomes Jennifer Riter, New Vice President of Analytical Services

Business Wire

Lonza Acquires Biologics Manufacturing Site from Roche for $1.2B

Contract Pharma

Lifecore Biomedical Concludes Strategic Evaluation Process, Announces Management Succession and Board Changes

Lifecore Biomedical

After calling on Congress to fund women's health, Biden directs agencies to boost R&D

Fierce Biotech

Samsung Invests in BrickBio to Develop Advanced Molecules and Therapies Using Protein Engineering Technology for Antibody-Drug Conjugates (ADC)

PR Newswire

BMS Completes $14B Acquisition of Karuna Therapeutics

Contract Pharma

MilliporeSigma Invests More than € 300 Million in New Life Science Production Site in Korea

Business Wire