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    Healthcare Q3 2021

    Q3 2021 Healthcare

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Alexion Pharmaceuticals, Inc.
    • AstraZeneca PLC
    • $43,364.73
    • PRA Health Sciences, Inc.
    • ICON Public Limited Company
    • $12,783.70
    • Aldevron, LLC
    • Danaher Corporation
    • $9,600.00
    • GRAIL, Inc.
    • Illumina, Inc.
    • $8,000.00
    • CIOX Health
    • Datavant, Inc.
    • $7,000.00
    • Kindred At Home
    • Humana Inc.
    • $5,700.00
    • BioLegend, Inc.
    • PerkinElmer, Inc.
    • $5,250.00
    • Translate Bio, Inc.
    • Sanofi
    • $3,098.25
    • Vividion Therapeutics, Inc.
    • Bayer Aktiengesellschaft
    • $2,280.97
    • Luminex Corporation
    • DiaSorin S.p.A.
    • $2,137.56

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Cordis Corporation
    • Hellman & Friedman LLC
    • $1,000.00
    • Four general acute care hospitals in Los Angeles
    • Medical Properties Trust, Inc.
    • $215.00
    • Vector Laboratories, Inc.
    • Thompson Street Capital Partners
    • $124.00

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Constellation Pharmaceuticals, Inc.
    • MorphoSys AG
    • $1,668.71
    • Alliance Healthcare Services, Inc.
    • Akumin Corp.
    • $1,516.27
    • 5 hospitals of Tenet Healthcare Corporation
    • Steward Health Care System LLC
    • $1,100.00

     

    Source S&P Capital IQ as of 10/11/2021 and PCE Proprietary Data

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    PCE Transactions

    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. Bose, Nandita. “Nearly 3 mln Americans sign up for healthcare during special enrollment period.” Reuters, Reuters, 15 Sept. 2021.
    2. Christensen, Jen. “The Covid-19 vaccine health care worker holdouts: For them, it's personal. For their hospitals it's professional.” CNN Health, Cable News Network, 30 Sept. 2021.
    3. Frey, Morgan. “At-home health devices transform patient care, telehealth possibilities.” S&P Capital IQ, S&P Global Market Intelligence, 30 Sept. 2021.
    4. Gibney, Michael. “First in Human: Big Pharma eyes blood cancer drugs; ketamine for gambling.” S&P Capital IQ, S&P Global Market Intelligence, 7 Sept. 2021.
    5. Glover, Tom. “Healthcare Providers: Ransomware is Increasing.” LinkedIn, LinkedIn Corporation, 1 Oct. 2021.
    6. Kamp, John and Abbott, Brianna. “In Well-Vaccinated Maine, Covid-19 Still Fills Hospitals With the Unvaccinated.” The Wall Street Journal, Dow Jones & Company, Inc, 30 Sept. 2021.
    7. Roland, Denise. “Pacemaker, Ultrasound Companies Seek Priority Amid Chip Shortage.” S&P Capital IQ, Dow Jones & Company, Inc., 3 Oct. 2021.

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