Week of October 10, 2023 | Vol. 12, Issue 40

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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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CPHI Barcelona

October 24-26, 2023 - Barcelona, Spain

Supply Side West 2023

October 23-27, 2023 - Las Vegas, NV

JP Morgan Healthcare Conference 2024

January 8-11, 2024 - San Francisco, CA

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 $4.6 billion


Supplies, Equipment & Services

15 transactions totaling $1.3 billion


Healthcare Facilities & Distributors

11 transactions


Healthcare IT & Managed Care

12 transactions

Private Placements

Pharma & Biotech

21 transactions totaling $831 million


Supplies, Equipment & Services

14 transactions totaling $95 million


Healthcare Facilities & Distributors

3 transactions


Healthcare IT & Managed Care

13 transactions totaling $181 million

Public Offerings

Pharma & Biotech

11 transactions totaling $711 million


Supplies, Equipment & Services

3 transactions totaling $527 million


Healthcare Facilities & Distributors

0 transactions


Healthcare IT & Managed Care

0 transactions

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.

Market Reports

Insight Into Healthcare Related Industries

M&A Pipeline

Representative Current Retained Sell-Side and Partnering Opportunities

Project Beach

Pharma Services | Sell-Side

Acquisition opportunity of Clinical Trial Services Provider


Project Elevate

Pharma Services | Capital Raise

Investment opportunity in Digital Health patient adherence platform


Project Ester

Consumer Health | Strategic Partnering 

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


Project Harold

Pharma Services | Sell-Side

Acquisition opportunity of U.S. based Sterile CDMO

Project Matador

Pharma | Sell-Side

Acquisition opportunity of two sterile injectable ANDAs


Project Panther

Pharma Services | Sell-Side

Acquisition opportunity of OTC and personal care CDMO


Project Pine

Pharma Services | Capital Raise

Investment opportunity in sterile injectable pharmaceutical manufacturer 


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

Carlyle Group emerges as front-runner in $7B Medtronic spinoff deal: Reuters

Fierce Biotech- Oct 2, 2023

Cambrex Completes $38 Million Capacity Expansion in High Point, North Carolina

PR Newswire - Oct 2, 2023

In selling 3 businesses, Viatris bids adieu to 10 manufacturing plants, 6,000 employees

Fierce Pharma - Oct 2, 2023

Contract Manufacturing After COVID-19: Gil Roth on the Challenges and Opportunities for CDMOs

Pharma Source - Oct 2, 2023

PharmaEssentia Enters Into Exclusive Global License Agreement With WuXi Biologics for a Myeloid Immune Checkpoint Antibody Candidate

Business Wire - Oct 3, 2023

Amgen, AbbVie, Gilead, Merck and more form coalition to push back on FTC's M&A reforms

Fierce Pharma - Oct 4, 2023

Delnova Unveils Partnership With Pace® Life Sciences To Boost Capabilities

PR Newswire - Oct 4, 2023

In splitting from Novartis, Sandoz makes muted market debut

Fierce Pharma - Oct 4, 2023

Emmes Acquires VaxTRIALS

Contract Pharma - Oct 5, 2023

Sharp acquires Berkshire Sterile Manufacturing

Sharp - Oct 5, 2023

Medable teams up with Pluto Health to simplify, speed trial recruitment

Fierce Biotech - Oct 5, 2023

Ampio, Ascendia Partner to Support Clinical Development of OA-201

Contract Pharma - Oct 6, 2023

TANNER NEWS

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Tanner's Charity Golf Day


Tanner's Annual Charity Golf Day at Redbourn Golf Club is not just a day on the green; it’s a day of camaraderie and making an impact. This year we were able to raise over £2,000 for three important charities.