Week of November 1, 2022 | Vol. 11, Issue 43


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

M&A Discussion Group

Daybreak Consumer Care

Carlin Consumer Health

Contact Information

Xan Smith

Managing Director

Business Development


Jeremy C. Johnson

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 view 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
November 1-3, 2022 - Messe Frankfurt, Germany

JP Morgan Healthcare Conference

January 9-12, 2023 - San Francisco, CA

Recent Transactions, Trading Comps, Market Reports, M&A Pipeline
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.

Pharma & Biotech

10 transactions totaling $136 million

Supplies, Equipment & Services

15 transactions totaling $147 million

Healthcare Facilities & Distributors

7 transactions 

Healthcare IT & Managed Care

5 transactions


Pharma & Biotech

34 transactions totaling $2,090 million

Supplies, Equipment & Services

18 transactions totaling $224 million

Healthcare Facilities & Distributors

1 transaction

Healthcare IT & Managed Care

16 transactions totaling $254 million


Pharma & Biotech

8 transactions totaling $660 million

Supplies, Equipment & Services

12 transactions totaling $115 million

Healthcare Facilities & Distributors

1 transaction

Healthcare IT & Managed Care

13 transactions totaling $10,992 million

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.

Insight Into Healthcare Related Industries

Pharma Services Sector Snapshot 1H 2022

August 2022

Consumer Health Sector Snapshot Q2 2022

June 2022


Representative Current Retained Sell-Side And Partnering Opportunities

Project Ester

Sell-side |Pharma| OTC Technology and Products Developer

Project Gateway

Sell-Side |Pharma| Generic Pharmaceuticals

Project Jazz

Sell-Side |Pharma Services| Compounding Pharmacy and Pharmacy Service Provider

Project Panther

Sell-Side| CDMO | Consumer Health and Medical Device

Project Power Play

Buy-Side | Specialty Pharma |Branded & Generic Pharmaceuticals

Project Trident

Buy-Side | Generic Pharma | Manufacturing liquid generics


A Sampling of Industry Headlines

Cingulate Announces Agreement with Societal CDMO and Provides Clinical Update

Cingulate - October 24, 2022

Symeres acquires Exemplify BioPharma, further strengthening its strategic foothold in the US

PR Newswire - October 25, 2022

Stevanato Group and DWK Life Sciences Enter Non-Exclusive Agreement

Contract Pharma - October 27, 2022

Thermo Fisher Scientific to Expand Clinical Research Laboratory in Kentucky

Business Wire - October 27, 2022

FUJIFILM Diosynth Biotechnologies enters into an Agreement with Argenx to Manufacture Efgartigimod, a Monoclonal Antibody (mAb) for the Treatment of Severe Autoimmune Diseases

Fujifilm Diosynth - October 27, 2022

Cambrex to Invest $16.5M in New R&D Facility and Expansion

Contract Pharma - October 28, 2022



Celebrating 20 Years #TogetherWithTanner

In honor of our 20th year, TannerUS celebrated at the location of our future warehouse near our headquarters in Charlotte, NC! See more from our team and partner event here.

The pharma companies working towards supply chain sustainability

Some of the most important sustainability initiatives are reimagining the pharmaceutical supply chain. At Tanner, we're working to help drive the pharma industry toward a stronger, more sustainable future. Read more.

Let's Connect!
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.