Week of April 18, 2023 | Vol. 12, Issue 15


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

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CPHI-North-America-logo-web image
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NACDS Annual Meeting 2023

April 22-25, 2023 - West Palm Beach, FL

CPHI North America

April 25-27, 2023 - Philadelphia, PA


April 25-27, 2023 - New York City, NY

BIO International 2023

June 5-8, 2023 - Boston, MA

DIA Global 2023

June 25-29, 2023 - Boson, MA


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

6 transactions totaling $233 million

Supplies, Equipment & Services

16 transactions totaling $52 million

Healthcare Facilities & Distributors

7 transactions totaling $8 million

Healthcare IT & Managed Care

3 transactions

Private Placements

Pharma & Biotech

27 transactions totaling $396 million

Supplies, Equipment & Services

24 transactions totaling $628 million

Healthcare Facilities & Distributors

3 transactions

Healthcare IT & Managed Care

18 transactions totaling $321 million

Public Offerings

Pharma & Biotech

17 transactions totaling $1 billion

Supplies, Equipment & Services

5 transactions totaling $170 million

Healthcare Facilities & Distributors

1 transaction totaling $125 million

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

Pharma Services Sector Snapshot 1H 2022

August 2022

Market Insight Capital Markets Update

October 2022

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 Gateway

Pharma | Sell-Side

Acquisition opportunity of US specialty generics platform and portfolio

Project Harold

Pharma Services | Sell-Side

Acquisition opportunity of U.S. based Sterile CDMO

Project Pine

Pharma Services | Capital Raise

Investment opportunity in sterile injectable Pharmaceutical Manufacturer 

Project Power Play

Pharma | Buy-Side

Seeking established brands across all therapeutic categories or growth assets in Neurology / CNS

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

GSK pays out £30M to Adaptimmune as cell therapy work officially wraps up

Fierce Biotech - Apr 11, 2023

Foundation Medicine and Bristol Myers Squibb Expand Partnership to Focus on Companion Diagnostic Development

Business Wire - Apr 11, 2023

AnaBios acquires cell culture media group for undisclosed price

Fierce Biotech - Apr 12, 2023

Taros Chemicals and Welab Barcelona Announce Strategic Partnership to Provide Clients with Integrated Drug Discovery and Development Services

PR Newswire - Apr 12, 2023

IMA continues US expansion with purchase of Texas-based Accelemed

Fierce Biotech - Apr 13, 2023

The CDMO/CMO Report: Parenteral Drugs

DCAT Value Chain Insights - Apr 13, 2023

Wheeler Bio's $31M in Financing to Support Clinical Drug Substance Mfg. Facility

Fierce Biotech - Apr 13, 2023



Partnership to Distribute High Potency Probiotic to Support Patients with Gut Microbiome Imbalance

We’re pleased to share that TannerLAC and ExeGi Pharma, LLC. have partnered to distribute Visbiome® in Mexico.

Visbiome® is a high-potency probiotic medical food that helps manage dysbiosis associated with medical conditions like irritable bowel syndrome and ulcerative colitis. Full release..

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.