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    Healthcare Q2 2020

    Q2 2020 Healthcare

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Forty Seven, Inc.
    • Gilead Sciences, Inc.
    • $4,951.70
    • Ra Pharmaceuticals, Inc.
    • UCB SA
    • $2,463.04
    • 21st Century Oncology, Inc.
    • Genesis Care Pty Ltd
    • $1,050.00
    • Stemline Therapeutics, Inc.
    • Berlin-Chemie AG
    • $678.18
    • Drug Delivery Business of 3M
    • Altaris Capital Partners, LLC
    • $650.00
    • Censa Pharmaceuticals Inc.
    • PTC Therapeutics, Inc.
    • $538.41
    • UAS Laboratories, Inc.
    • Chr. Hansen Holding A/S
    • $530.00
    • Progenics Pharmaceuticals, Inc.
    • Lantheus Holdings, Inc.
    • $498.38
    • Universal Care, Inc.
    • Bright Health Company of California, Inc.
    • $280.00
    • Engage Therapeutics, Inc.
    • UCB SA
    • $270.00

     

    Source S&P Capital IQ as of 7/16/2020 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. King, Robert, "Healthcare added 358K Jobs in June with hospitals adding jobs after dip in May", Fierce Healthcare, July 2, 2020.
    2. Franck, Thomas, "Hardest-hit industries: Nearly half the leisure and hospitality jobs were lost in April", CNBC, May 8, 2020.
    3. Castellanos, Sara, "Coronavirus Pandemic Brings New Use Cases for Augmented Reality", WSJ, May 29, 2020.
    4. Tokar, Dylan, "Cyberattacks on Healthcare industry on the Rise, Official Says", WSJ, Jun. 17, 2020.
    5. "Health Care Industry Targeted by Increased Cyberattacks During Pandemic", ASH Clinical News, Jun. 26, 2020.
    6. Trentmann, Nina, Hufford, Austen, "3M Names New CFO to Help Navigate Effects of Coronavirus Pandemic", WSJ, Jun. 3, 2020.
    7. Muoio, David, "OptumHealth acquires post-acute care management platform naviHealth", mobihealthnews, May 21, 2020.
    8. Lagasse, Jeff, "Healthcare mergers and acquisitions are down, but not as much as anticipated", Healthcare Finance, July 2, 2020.
    9. Quenqua, Douglas, "virtual clinical trials now being used to fast-track drug development during coronavirus crisis", CNBC, Jun. 25, 2020.
    10. McCabe, Caitlin, "Coronavirus is No Cure for Healthcare Stocks", WSJ, July 5, 2020.

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