Week of January 3, 2024 | Vol. 13, Issue 1

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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

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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JP Morgan Healthcare Conference 2024

January 8-11, 2024 - San Francisco, CA

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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

8 transactions totaling $7,163 million


Supplies, Equipment & Services

9 transactions totaling $451 million


Healthcare Facilities & Distributors

3 transactions totaling $16 million


Healthcare IT & Managed Care

1 transaction

Private Placements

Pharma & Biotech

19 transactions totaling $257 million


Supplies, Equipment & Services

17 transactions totaling $85 million


Healthcare Facilities & Distributors

1 transactions totaling $881 million


Healthcare IT & Managed Care

2 transactions totaling $16 million

Public Offerings

Pharma & Biotech

4 transactions totaling $98 million


Supplies, Equipment & Services

4 transactions totaling $107 million


Healthcare Facilities & Distributors

1 transaction


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 Pearl

Pharma | Capital Raise

Investment opportunity in late clinical-stage biopharmaceutical company



Project Pine

Pharma Services | Capital Raise

Investment opportunity in sterile injectable 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

Global CDMO Agno Pharma Completes Acquisition of Particle Sciences Inc.

Business Wire - Dec 18, 2023

Rentschler’s New CEO On 2024 Expectations For CDMOs

In Vivo - Dec 18, 2023

Charles River and Vertex Pharmaceuticals Reach Important Milestone in Cell Therapy Manufacturing Collaboration

Business Wire - Dec 18, 2023

LTS receives $4.3 Million grant for the development of contraceptive Microneedle Array Patches

LTS - Dec 19, 2023

Abzena partners with FDA on publication demonstrating the benefits of the MAPPs assay for immunogenicity

PR Newswire - Dec 19, 2023

World Courier to Expand Storage Capacity and Cold Chain Capabilities With Three New Transport Stations in the United States

PR Newswire - Dec 19, 2023

ZyVersa taps George Clinical to run kidney disease trial

Fierce Biotech - Dec 20, 2023

Thermo Fisher Scientific Announces Launch of Innovative CorEvitas Pharmacovigilance Platform for Clinical Research Registries

PR Newswire - Dec 20, 2023

Clemson University unit teams up with CRO Precia to reach out to underserved rural communities

Fierce Biotech - Dec 20, 2023

TANNER NEWS

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Tanner | A Rare Affair | JPM Conference

We're excited to serve as a sponsor for A Rare Affair 2024, a wonderful evening of networking, wine and food hosted by Ultragenyx at the JP Morgan Healthcare Conference. We hope you will join us on January 7th. Learn more.