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    Healthcare Q1 2021

    Q1 2021 Healthcare

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Business Divisions of DuPont de Nemours, Inc.
    • International Flavors & Fragrances Inc.
    • $26,541.56
    • Viela Bio, Inc.
    • Horizon Therapeutics USA, Inc.
    • $3,043.89
    • BioTelemetry, Inc.
    • Philips Holding USA Inc.
    • $2,889.60
    • Thrive Earlier Detection Corp.
    • Exact Sciences Corporation
    • $2,033.58
    • AeroCare Holdings, Inc.
    • AdaptHealth Corp.
    • $2,025.66
    • Oncology Business of Agios Pharmaceuticals, Inc.
    • Servier Pharmaceuticals LLC
    • $2,000.00
    • New Hanover Regional Medical Center, Inc.
    • Novant Health, Inc.
    • $1,500.00
    • American Renal Associates Holdings, Inc.
    • Innovative Renal Care, LLC
    • $1,391.73
    • Eidos Therapeutics, Inc.
    • BridgeBio Pharma, Inc.
    • $1,137.53
    • Prevail Therapeutics Inc.
    • Eli Lilly and Company
    • $1,068.55

     

    Source S&P Capital IQ as of 4/12/2021 and PCE Proprietary Data

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    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    David Jasmund

    Orlando Office

    407-621-2111

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. “Biden Administration Announces Historic Manufacturing Collaboration Between Merck and Johnson & Johnson to Expand Production of COVID-19 Vaccines.” HHS.gov, U.S. Department of Health & Human Services, 2 Mar. 2021.
    2. Hackett, Mallory. “Healthcare M&A's down in 2020 but Analysts Say COVID-19 Is a Catalyst for Future Deals.” Healthcare Finance News, HIMSS Media, 14 Jan. 2021.
    3. Lagasse, Jeff. “U.S. Hospitals and Health Systems Face a Long Road to Recovery.” Healthcare Finance News, HIMSS Media, 22 Feb. 2021.
    4. Lombardo, Cara, and Miriam Gottfried. “Apollo's LifePoint in Talks to Buy Ardent Health Services.” The Wall Street Journal, Dow Jones & Company, 11 Feb. 2021.
    5. Lagasse, Jeff. “Financial Incentives for Hospitals Spur Rapid Changes to Opioid Use Disorder Treatment.” Healthcare Finance News, HIMSS Media, 1 Mar. 2021.
    6. Roth, Mandy. “Amazon Care Expansion Positions Company to Become Significant Healthcare Player.” HealthLeaders Media, HcPro, 17 Mar. 2021.
    7. Wolff-Mann, Ethan. “23andMe To Go Public at $3.5 Billion with Sir Richard Branson's SPAC.” Yahoo! Finance, Yahoo!, 4 Feb. 2021.
    8. Armour, Stephanie. “Senate Confirms Xavier Becerra as Secretary of Health and Human Services.” The Wall Street Journal, Dow Jones & Company, 18 Mar. 2021.
    9. Anderson, Kelly, et al. “Regulation of Provider Networks in Response to COVID-19.” AJMC, The American Journal of Managed Care, 19 Mar. 2021.

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