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    Healthcare Q3 2020

    Q3-2020-Healthcare

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Momenta Pharmaceuticals, Inc.
    • Johnson & Johnson
    • $6,366.71
    • Principia Biopharma Inc.
    • Sanofi
    • $3,694.33
    • Portola Pharmaceuticals, Inc.
    • Alexion Pharmaceuticals, Inc.
    • $1,771.52
    • CerSci Therapeutics Inc.
    • ACADIA Pharmaceuticals Inc.
    • $936.92
    • Coventry Health Care Workers Compensation, Inc.
    • Genex Services, LLC
    • $850.00
    • Seniors Housing Properties in CA, NV and WA
    • Undisclosed
    • $702.00
    • Pfenex Inc.
    • Ligand Pharmaceuticals Incorporated
    • $566.06
    • InTouch Technologies, Inc.
    • Teladoc Health, Inc.
    • $549.24
    • Tetra Therapeutics Inc.
    • Shionogi & Co., Ltd.
    • $500.00
    • Tutogen Medical GmbH and RTI OEM, LLC
    • Montagu Private Equity LLP
    • $440.00

     

    Source S&P Capital IQ as of 10/8/2020 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. Commins, John. “Healthcare sector created 75k new jobs in August.” HealthLeaders, September 04, 2020.
    2. Maidenberg, Micah; Leslie Scism. “MetLife to Buy Versant Health for $1.7 Billion.” Wall Street Journal , September 17, 2020.
    3. Hackett, Mallory. “M&A activity expected to surge as independent health systems look for partners.” Healthcare Finance. August 27, 2020.
    4. Zimmer, Carl; Thomas, Katie. “Johnson & Johnson’s Vaccine Advances, Sparking Optimism in Race.” NY Times, September 23, 2020.
    5. Mathews, Anna Wilde; Kendall, Brent. “Blue Health Insurers Reach Tentative Antitrust Settlement for $2.7 Billion.” Wall Street Journal, September 24, 2020.
    6. Singhal, Shubham; Repasky, Cara. “The great acceleration in healthcare: Six trends to heed.” McKinsey & Company, September 9, 2020.
    7. McGhee, Kimberly. “Telehealth rapidly scales up during the pandemic to provide care to patients in the safety of their homes.” medical University of South Carolina, September 10, 2020.
    8. Kennedy, Andy. “How telemedicine became the most essential business in America today.” Medical Economics, September 14, 2020.
    9. Castellanos, Sara. “Automonous Robots are Coming to the Operating Room.”, Wall Street Journal, September 10, 2020.

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