Week of June 7th 2021 | Vol. 10, Issue 24 |
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In This Issue
Featured Headlines
Recent Industry Transactions
Industry Trading Comps
Recent Industry Headlines
Market Reports
Upcoming Events
Quick Links
Contact Information
Managing Director
Business Development
Managing Director
Head of M&A and Capital Advisory
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Above is an overview of recent industry M&A activity. For additional information, see the charts below or click on the chart above to download complete transaction tables broken out by industry sub sectors.
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For more information about our consumer healthcare JV with The Emerson Group, Daybreak Consumer Care, click here.
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MARKET REPORTS
Recent Materials Providing Insight Into Healthcare Related Industries
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Current M&A Pipeline
Representative Current Retained Sell-Side And Partnering Opportunities
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Project Focus
Sell-side | CMO | Liquids and Semi-solids CMO headquartered in North America
Project Trident
Buy-side | Generic Pharma | Manufacturing liquid generics
Project Aspen
Sell-side | CDMO | Multinational CDMO headquartered in US
Project Athena
Sell-side / Licensing | Medical Device | Novel device for pelvic organ prolapse
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A consortium of private equity firms reached an agreement to buy medical supply company Medline Industries Inc. in what would be one of the biggest leveraged buyouts of all time.
The group, comprising Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman, will take a majority stake in Medline. Singapore’s GIC Pte will also invest as part of the partnership, the consortium said in a statement Saturday.
The transaction is valued at more than $30 billion, according to people familiar with the matter. The deal is worth as much as $34 billion including debt and would include a $17 billion so-called equity check, one of the people said, asking not to be identified discussing confidential information.
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RECENT INDUSTRY 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.
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Pharma & Biotech
25 transactions totaling $2,283 million
Supplies, Equipment & Services
32 transactions totaling $460 million
Healthcare IT & Managed Care
9 transactions totaling $48 million
Healthcare Facilities & Distributors
20 transactions totaling $187 million
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Pharma & Biotech
32 transactions totaling $838 million
Supplies, Equipment & Services
31 transactions totaling $343 million
Healthcare IT & Managed Care
19 transactions totaling $554 million
Healthcare Facilities & Distributors
1 transaction totaling $16 million
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Pharma & Biotech
21 transactions totaling $1,134 million
Supplies, Equipment & Services
10 transactions totaling $622 million
Healthcare IT & Managed Care
2 transactions
Healthcare Facilities & Distributors
0 transactions
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INDUSTRY TRADING COMPS
A Breakdown of Relevant Trading Multiples
Each week, we provide updated trading comps for leading companies from numerous healthcare sub-sectors.
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To the right you will see 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.
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RECENT INDUSTRY TRANSACTIONS
A Sampling of Relevant Industry Headlines from Last Week
Below are snippets from relevant industry news articles from the past week. For additional information or the article's complete text, click the headline link to view the original publication.
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June 4, 2021 - Contract Pharma
Jubilant HollisterStier is investing $92 million to expand sterile injectable manufacturing capacity at its site in Spokane, WA. The expansion includes the set up of a high-speed, 400 vials a minute, injectable fill line with isolator technology, which will add 50% capacity at the Spokane facility. This expansion will also include two 300 sq.-ft. lyophilizers. The expansion will encompass 50,000 sq.-ft. at the facility and will be commercially operational by the end of 2024.
June 4, 2021 - Fierce Healthcare
Carbon Health, a San Francisco-based primary care provider blending brick-and-mortar clinics with telehealth services, announced today that it has acquired virtual diabetes management startup Steady Health.
June 3, 2021 - Fierce Healthcare
AmerisourceBergen has completed its nearly $6.3 billion acquisition of Walgreens' Alliance Healthcare, one of Europe's largest drug wholesalers. Amerisource will pay $6.27 billion in cash and turn over 2 million shares of its common stock in the deal, the wholesale giant announced this week. The companies said they also plan to expand and extend other commercial agreements to drive further growth and synergy.
June 1, 2021 - Newswire
ADVANZ PHARMA Corp. Limited, a specialty pharmaceutical company with a strategic focus on complex medicines in Europe, today announced the completion of its acquisition by a subsidiary of Nordic Fund X Epsilon, Cidron Aida Bidco Limited.
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Welcome to Bourne, let's talk.
Since our founding in 2001, Bourne Partners has remained focused on fulfilling the unique needs of established, middle-market healthcare and pharmaceutical companies across the globe. Our track record includes advising middle market companies in healthcare M&A assignments totaling more than $7 billion, and growing companies into successful and well-positioned pharmaceutical enterprises.
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