Week of November 15, 2022 | Vol. 11, Issue 45


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

JP Morgan Healthcare Conference

January 9-12, 2023 - San Francisco, CA

DCAT Week 2023

March 20-23, 2023 - New York City, NY

SCOPE Summit for Clinical Ops Executives

February 6-9, 2023 - Orlando, FL

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

18 transactions totaling $725 million

Supplies, Equipment & Services

24 transactions totaling $334 million

Healthcare Facilities & Distributors

11 transactions totaling $8,975 million

Healthcare IT & Managed Care

12 transactions totaling $449 million


Pharma & Biotech

26 transactions totaling $300 million

Supplies, Equipment & Services

24 transactions totaling $224 million

Healthcare Facilities & Distributors

2 transactions

Healthcare IT & Managed Care

19 transactions totaling $162 million


Pharma & Biotech

36 transactions totaling $4,356 million

Supplies, Equipment & Services

8 transactions totaling $233 million

Healthcare Facilities & Distributors

2 transactions totaling $1,546 million

Healthcare IT & Managed Care

3 transactions totaling $1,251 million

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 Trident

Buy-Side | Generic Pharma | Manufacturing liquid generics


A Sampling of Industry Headlines

GHO Capital and the Vistria Group to Acquire Alcami

Alcami - November 8, 2022

French CRO Excelya inks deal with Veeva for data platform

Fierce Biotech - November 9, 2022

Alimentiv, Summit Clinical partner to improve research on NASH treatments

Fierce Biotech - November 10, 2022

Nephron and Sharps Announce Manufacturing and Research Partnership

PR Newswire - November 10, 2022

PhysIQ unveils new partner program for CROs, other research groups

Fierce Biotech - November 10, 2022

Charles River Expands Cell Therapy CDMO Facility in Memphis

Contract Pharma - November 11, 2022

Angus Chemical Acquires Expression Systems

Contract Pharma - November 11, 2022

Resolution Therapeutics and CCRM Enter Research Collaboration

Contract Pharma - November 11, 2022



Tanner x Rare Revolution Webinar

In September 2022, RARE Revolution and Tanner co-hosted a webinar that brought together stakeholders to discuss early access pathways to medicines. The themes included the role of patient groups and healthcare professionals, communication strategies, RWD collection, equitable access, ethical issues and patient pathways to access. You can read the full write-up here or access the full recording here

Tanner x Treapp

Tanner is putting in the work to improve sustainability in our offices and across our services, and we're excited to announce we've partnered with Treeapp to help build a greener world. Learn more about our recent efforts together here.

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.