Berkery Noyes, the leading independent investment bank specializing in the information content and technology industries, today released its Third Quarter 2011 Mergers and Acquisitions Update for the Pharma and Healthcare Information and Technology Industry.
The report analyzes merger and acquisition activity over the first three quarters of 2011 and compares it with activity in 2010. This market includes information and technology companies servicing pharma, healthcare payer and healthcare provider spaces.
According to Berkery Noyes research, the report showed third quarter transaction volume decreased 6 percent over the previous period. However, transaction value increased 245 percent in the third quarter. This sharp increase can be explained by Blackstone Group’s announced third quarter acquisition of Emdeon for $3.03 billion, the largest transaction thus far in 2011.
Median EBITDA multiples from 2010 to the first nine months of 2011 went from 11.8 to 10.8, an 8 percent decrease, while median revenue multiples decreased from 2.0 to 1.8, a 10 percent decline.
The most active acquirer through the third quarter was PerkinElmer with four acquisitions: Labtronics, Geospiza, CambridgeSoft,and ArtusLabs.
“PerkinElmer has demonstrated the vast potential for informatics and software integration into laboratory environments,” said managing director Jeffrey Smith. "The need to integrate scientific tools, effectively manage knowledge, and organize workflow within laboratory settings is becoming even more crucial for clients of organizations such as PerkinElmer."
Berkery Noyes specializes in Mergers & Acquisitions advisory services, in addition to structuring debt and equity transactions in the $25 million to $500 million range. Unique among investment banking firms, Berkery Noyes combines independent strategic research and industry intelligence with senior information technology banking expertise. Long having been an innovator in database and research technology in M&A, Berkery Noyes has committed itself to providing more expansive and more current information. The firm’s research teams publish acquisition activity in the respective sectors they follow on MandAsoft.com.
A copy of the THIRD QUARTER 2011 PHARMA AND HEALTHCARE INFORMATION AND TECHNOLOGY INDUSTRY MERGERS & ACQUISITIONS UPDATE is available at the Berkery Noyes website.