Week of December 19, 2023 | Vol. 12, Issue 49

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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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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

9 transactions totaling $1,290 million


Supplies, Equipment & Services

12 transactions totaling $1,705 million


Healthcare Facilities & Distributors

5 transactions


Healthcare IT & Managed Care

6 transactions totaling $243 million

Private Placements

Pharma & Biotech

34 transactions totaling $885 million


Supplies, Equipment & Services

15 transactions totaling $106 million


Healthcare Facilities & Distributors

1 transaction totaling $52 million


Healthcare IT & Managed Care

11 transactions totaling $85 million

Public Offerings

Pharma & Biotech

21 transactions totaling $745 million


Supplies, Equipment & Services

7 transactions totaling $44 million


Healthcare Facilities & Distributors

2 transactions totaling $263 million


Healthcare IT & Managed Care

3 transactions totaling $44 million

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 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 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

Sanofi and Minapharm Sign an Exclusive Agreement for Localizing the manufacture of Clexane®

PR Newswire - Dec 10, 2023

Cytovance Biologics and Alcami Unite to Deliver End-to-End Solutions for Biologics Developers

Business Wire - Dec 11, 2023

ReciBioPharm partners with Acuitas Therapeutics to provide rapid technology transfers and CGMP manufacture of Acuitas' LNP formulations

Recipharm - Dec 11, 2023

SystImmune, BMS Enter Potential $8.4B Strategic ADC Alliance

Contract Pharma - Dec 12, 2023

After swell of biopharma outrage, Supreme Court takes up high-profile mifepristone case

Fierce Pharma - Dec 13, 2023

Medivir have agreed with Lonza to manufacture a fostrox GMP campaign, to be tested in 2L HCC with intent to commercialize via accelerated approval

PR Newswire - Dec 13, 2023

Alkermes to Sell Mfg. Facility in Ireland to Novo Nordisk for $92.5M

Contract Pharma - Dec 14, 2023

Done deal: Pfizer completes $43B acquisition of Seagen, doubling its oncology pipeline

Fierce Pharma - Dec 14, 2023

Nona Biosciences, Pfizer Enter Global ADC License Agreement

The White House - Dec 15, 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.