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    Healthcare Q2 2021

    Q2 2021 Healthcare

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Nutrition & Biosciences business of DuPont de Nemours, Inc.
    • International Flavors & Fragrances Inc.
    • $26,541.56
    • Immunomedics, Inc.
    • Gilead Sciences, Inc.
    • $20,891.17
    • Livongo Health, Inc.
    • Teladoc Health, Inc.
    • $19,093.64
    • Varian Medical Systems, Inc.
    • Siemens Healthineers AG
    • $17,159.96
    • MyoKardia, Inc.
    • Bristol-Myers Squibb Company
    • $13,134.86
    • Majority of Alliance Healthcare Businesses of Walgreens Boots Alliance, Inc.
    • AmerisourceBergen Corporation
    • $6,470.52
    • Momenta Pharmaceuticals, Inc.
    • Johnson & Johnson
    • $6,366.71
    • Gainwell
    • Veritas Capital Fund Management, L.L.C
    • $5,000.00
    • Cantel Medical Corp.
    • STERIS plc
    • $4,912.49
    • Asklepios BioPharmaceutical, Inc.
    • Bayer Aktiengesellschaft
    • $4,000.00

     

    Source S&P Capital IQ as of 7/13/2021 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. Armour, Stephanie, and Jim Carlton. “Future of U.S. Healthcare May Be Playing Out in Nevada.” The Wall Street Journal, Dow Jones & Company, 19 June 2021.
    2. Terlep, Sharon. “CVS and Walgreens Were Reeling. Now They're Riding a Covid-19 Wave.” The Wall Street Journal, Dow Jones & Company, 18 June 2021.
    3. Herrera, Sebastian. “Amazon Has Signed Multiple Companies to Its Telehealth Service.” The Wall Street Journal, Dow Jones & Company, 9 June 2021.
    4. Armental, Maria. “Pear Therapeutics to Go Public in Roughly $1.6 Billion SPAC Deal.” The Wall Street Journal, Dow Jones & Company, 22 June 2021.
    5. Kendall, Brent, et al. “Supreme Court Leaves Affordable Care Act Intact.” The Wall Street Journal, Dow Jones & Company, 17 June 2021.
    6. Walker, Joseph. “FDA Approves First New Alzheimer's Drug in Nearly Two Decades.” The Wall Street Journal, Dow Jones & Company, 7 June 2021.
    7. Kendall, Brent, and Ryan Tracy. “Biden Takes Aim at Corporate Consolidation, Big-Business Tactics.” The Wall Street Journal, Dow Jones & Company, 9 July 2021.
    8. Calatayud, Adria. “Philip Morris Buys Inhaled-Medicine Company for $1.2 Billion Amid Health Push.” The Wall Street Journal, Dow Jones & Company, 9 July 2021.

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