Week of April 4, 2022 | Vol. 11, Issue 14
In This Issue
Upcoming Events
Industry M&A Activity
Recent Transactions
Trading Comps
Market Reports
M&A Pipeline
Featured Headlines
Tanner Updates

Quick Links

Contact Information
Managing Director
Business Development

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 download 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
May 17-19, 2022 - Philadelphia, PA
May 24-26, 2022 - New York City, NY
April 23-26, 2022 - Palm Beach, FL
June 13-16, 2022 - San Diego, CA
August 27-29, 2022 - Boston, MA
October 2022 - Charlotte, NC
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
10 transactions totaling $931 million

Supplies, Equipment & Services
20 transactions totaling $6,616 million

Healthcare IT & Managed Care
6 transactions totaling $36 million

Healthcare Facilities & Distributors
12 transactions totaling $586 million
PRIVATE PLACEMENTS
Pharma & Biotech
50 transactions totaling $609 million

Supplies, Equipment & Services
27 transactions totaling $296 million

Healthcare IT & Managed Care
34 transactions totaling $443 million

Healthcare Facilities & Distributors
4 transactions totaling $109 million
PUBLIC OFFERINGS
Pharma & Biotech
17 transactions totaling $829 million

Supplies, Equipment & Services
1 transaction totaling $3 million

Healthcare IT & Managed Care
2 transactions totaling $23 million

Healthcare Facilities & Distributors
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 sub sectors.

For a complete trading comp analysis (including the individual equities that comprise the sub sectors), click on the table. 

Note: data reflects prior week close.
MARKET REPORTS
Insight Into Healthcare Related Industries
M&A PIPELINE
Representative Current Retained Sell-Side And Partnering Opportunities
Project Focus
Sell-side | CMO | Liquids and Semi-solids CMO headquartered in North America

Project Nucleus
Buy-side| CDMO | North American radiopharmaceutical company
Project Power Play
Buy-side | Specialty Pharma | In-license and acquire approved Rx products including legacy brands, generics, and niche launch-ready products

Project Trident
Buy-side | Generic Pharma | Manufacturing liquid generics
FEATURED HEADLINES
A Sampling of Industry Headlines From Last Week
Russia’s refusal to rule out nuclear war has put the world in an unsettling reality: The unthinkable is suddenly a possibility – if extremely remote. One drugmaker, Partner Therapeutics, isn’t waiting to take action.

The company said it is helping to ramp up supply in Europe of Leukine, a drug to treat acute radiation syndrome (ARS), or radiation sickness from exposure to high dose radiation during a nuclear emergency.

Leukine is more widely and consistently used to reduce the incidence of severe and life-threatening infections in cancer patients undergoing chemotherapy as part of their treatment.
The Biden administration has proposed a $2.1 billion boost in funding for the FDA in 2023 to support the Cancer Moonshot program and pandemic preparedness.
THREAD Research, a company focused on supporting decentralized clinical trials, will work with Amazon Web Services to decrease trial costs while improving research access and data quality.
Sanofi has continued the breakneck pace of dealmaking activity, paying $150 million upfront to make IGM Biosciences the third partner added in a hectic month for its business development team.
ConcertAI is now valued at $1.9 billion after banking a $150 million series C round to scale its software and real-world data (RWD) solutions for cancer research.

TannerMAP works across the broad spectrum of pharma services, creating opportunities that benefit manufacturers and patients alike. Learn more about the division from industry veterans and Tanner EVPs, Rob Keel and John Lagus.

When demand for PPE and testing kits surged to unparalleled levels in March 2020 during the first wave of Covid-19, Tanner had to do something to help. Learn more about the development of TannerGMS (global medical supplies) and the future of medical supplies and diagnostics here.

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.