Week of February 6, 2024 | Vol. 13, Issue 6

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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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DCAT Week 2024

March 18-21, 2024 - New York, NY

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CHPA 2024

March 18-20, 2024 - Amelia Island, FL

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

7 transactions


Supplies, Equipment & Services

12 transactions totaling $5,546 million


Healthcare Facilities & Distributors

7 transactions totaling $164 million


Healthcare IT & Managed Care

3 transactions

Private Placements

Pharma & Biotech

25 transactions totaling $1,030 million


Supplies, Equipment & Services

16 transactions totaling $542 million


Healthcare Facilities & Distributors

4 transactions


Healthcare IT & Managed Care

14 transactions totaling $87 million

Public Offerings

Pharma & Biotech

20 transactions totaling $1,834 million


Supplies, Equipment & Services

4 transactions totaling $157 million


Healthcare Facilities & Distributors

2 transactions


Healthcare IT & Managed Care

1 transaction

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

Arlington Capital Partners Announces Majority Investment in Afton Scientific

Bourne Partners - Jan 30, 2024

Greenphire Announces Acquisition of Clincierge to Enhance Clinical Trial Support Services

Bourne Partners - Feb 1, 2024

Decentralized trial company Science 37 to be acquired by eMed in $38M deal

Fierce Biotech - Jan 29, 2024

WuXi XDC Enters into Partnership with Multitude Therapeutics and HySlink Therapeutics, Novel Linker-Payload Technology Enabling Clients to Accelerate ADC Discovery and Development

PR Newswire - Jan 30, 2024

Kindeva Drug Delivery Launches New Analytical Services Global Business Unit

Business Wire - Jan 31, 2024

AustinPx Partners with Microsize on KinetiSol® Technology

Business Wire - Jan 31, 2024

Societal Cdmo And Benuvia Sign Co-marketing Agreement Designed To Promote Complementary Cdmo And Api Manufacturing Services To Drug Developers

Societal CDMO - Feb 1, 2024

Biovian and 3P Combine to Establish 3PBiovian

Contract Pharma - Feb 1, 2024

Trialbee, Massive Bio link up to connect cancer patients with clinical trials

Fierce Biotech - Feb 1, 2024

Novo Holdings to Acquire Catalent

Catalent - Feb 5, 2024

Valneva's R&D team gets $103M funding boost courtesy of priority review voucher sale

Fierce Biotech - Feb 5, 2024

TANNER NEWS

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Let's Connect!

Directors from Tanner will attend several international healthcare conferences in the coming weeks including SCOPE Summit, DCAT and BIO Europe. Connect with our team members to schedule a meeting. We look forward to connecting with you.