The insider’s guide to investment banking and capital markets.

Home » Investment Banking Database » Healthcare

Announced U.S. Target M&A Advisers in Healthcare

Advisor	1/1/2008 - 6/16/2008 ($ Mil)	Rank	1/1/2007 - 6/16/2007 ($ Mil)	Rank
Goldman Sachs & Co	47164.5	1	45200.3	1
Credit Suisse	39304.4	2	15305.1	5
Citi	38281.1	3	9753.1	8
UBS	16476.7	4	8428.7	9
Morgan Stanley	7208.4	5	19222.8	4
Greenhill & Co, LLC	6443.8	6*	3300	13
Moelis & Co	6443.8	6*	-	-
JP Morgan	4506.4	8	24889.7	2
Merrill Lynch	3644.3	9	21622.2	3
Lazard	1430.9	10	4195	12
Industry Total	71151.7	-	73519.6	-

Equity/Equity Related Volume

Date	Equity	Debt
June 2007	4680.7	10322.6
July 2007	690.6	427.9
August 2007	4936.4	2994.9
September 2007	251	13604
October 2007	4473.6	6192.7
November 2007	7902.2	9492.4
December 2007	2631.7	6967.4
January 2008	1086.1	90.2
February 2008	1068.1	5976.6
March 2008	701	299.7
April 2008	566.6	1875
May 2008	578.4	12202.2
June 2008	107.4	1614.4

Global Healthcare

Bookrunner	1/1/2008 - 6/16/2008 (US$ Mil)	Rank	1/1/2007 - 6/16/2007 (US$ Mil)	Rank
JP Morgan	5547.7	1	5664	1
Citi	4388.2	2	4776.4	2
Lehman Brothers	3056.1	3	1655.5	10
Banc of America Securities LLC	2793.4	4	3909	4
Merrill Lynch	1762.7	5	3110.7	6
Goldman Sachs & Co	1597.4	6	4085.4	3
Nomura	1138.8	7	157.7	22
RBS	876	8	1234.7	12
HSBC Holdings PLC	846.1	9	1477.5	11
Credit Suisse	698.9	10	2347.8	8
Industry Total	26165.7	-	42294.3	-

Global Volume by Product

	(01/01/08- 06/16/08)		(01/01/07- 06/16/07)
Security Type	Proceeds ($mil)	Issues	Proceeds ($mil)	Issues
Common Stock	2485.7	61	13429.8	165
Convertibles	1622	8	7876.7	28
Straight Debt	22055.4	25	20987.3	28
Straight Preferred	-	-	0.5	1
Taxable Municipals	2.7	1	-	-
ABS/MBS	-	-	-	-

Recent Global Debt Deals in Healthcare

Issue Date	Issuer	Principal Amount ($ mil)	Final Maturity	Coupon (%)	Offer Yield to Maturity (%)	Bookrunner(s)	Moody Rating	Stan- dard & Poor's Rating	Fitch Rating
6/02/2008	Humana Inc	250	6/15/1938	8.15	8.157	Banc of America Securities LLC JP Morgan	Baa3	BBB	BBB-
6/02/2008	Humana Inc	500	6/15/2018	7.2	7.216	Banc of America Securities LLC JP Morgan	Baa3	BBB	BBB-
5/29/2008	Symbion Inc	179.9	8/23/2015	11	17.169	Merrill Lynch Banc of America Securities LLC	Caa1	CCC+	NR
5/29/2008	Universal Health Services Inc	150	6/30/2016	7.125	7.001	Banc of America Securities LLC	Baa3	BBB-	NR
5/28/2008	Cardinal Health Inc	300	6/15/2013	5.5	5.584	Banc of America Securities LLC	Baa2	BBB+	BBB+
5/20/2008	Amgen Inc	500	6/01/1938	6.9	6.925	Goldman Sachs & Co Merrill Lynch Barclays PLC	A3	A+	A
5/20/2008	Amgen Inc	500	6/01/2018	6.15	6.173	Goldman Sachs & Co Merrill Lynch Barclays PLC	A3	A+	A
5/19/2008	Baxter International Inc	500	6/01/2018	5.375	5.413	Goldman Sachs & Co JP Morgan	A3	A+	A
5/06/2008	GlaxoSmithKline PLC	2750.00	5/13/1938	6.375	6.398	Citi JP Morgan Lehman Brothers	A1	A+	AA-
5/06/2008	GlaxoSmithKline PLC	2750.00	5/13/2018	5.65	5.658	Citi JP Morgan Lehman Brothers	A1	A+	AA-
5/06/2008	GlaxoSmithKline PLC	2500.00	5/13/2013	4.85	4.898	Citi JP Morgan Lehman Brothers	A1	A+	AA-
5/06/2008	GlaxoSmithKline PLC	1000.00	5/13/2010	Floats	Floats	Citi JP Morgan Lehman Brothers	A1	A+	AA-
4/30/2008	Axcan Pharma Inc	235	3/01/2016	12.75	12.991	Banc of America Securities LLC HSBC Securities Inc RBC Capital Markets	B3	B-	NR
4/28/2008	Bristol-Myers Squibb Co	1000.00	5/01/1938	6.125	6.181	Banc of America Securities LLC JP Morgan Morgan Stanley	A2	A+	A+
4/28/2008	Bristol-Myers Squibb Co	600	5/01/2018	5.45	5.473	Banc of America Securities LLC JP Morgan Morgan Stanley	A2	A+	A+
Session Details:
Request	Hits
0	-
1	-
2	1516
3	1472
4	1385
5	1342
6	1385
7	43
8	9
9	9
10	9
11	1385
12	43
13	34
14	24
15	18
16	1369
17	-1
18	125
19	-1
20	12
21	3
22	128
23	91
24	-
25	91
26	-
27	-
28	91
29	-1
30	4446
31	3104
32	2924	[Keep N/A Deals]: NOTG;I;J;L;O;R, A;B;C;D;E;F;H;K;M;N;P
33	595
34	27
35	3077
36	-1
37	460
38	458
39	3535
40	-1
41	19
42	18
43	-1
44	12
45	8
46	6
47	3559
48	5019
49	98
50	5019
51	102
52	111
53	111
54	68
55	47
56	47
57	68
58	15
59	15	[Keep N/A Deals]: NOTG;I;J;L;O;R, A;B;C;D;E;F;H;K;M;N;P
60	15
61

Recently Announced Global Deals in Healthcare

Date Announced	Target Name	Target Nation	Acquiror Name	Acquiror Nation	Value of Transaction ($mil)
6/16/2008	GLP medical Group	Germany	Sonic Healthcare Ltd	Australia
6/16/2008	Life Therapeutics Ltd	Australia	Aegis Partners Ltd	United Kingdom	1.215
6/16/2008	Satisloh Holding AG	Switzerland	Essilor International SA	France	524.044
6/16/2008	Verus Pharma-Pediatric Dvlp	United States	Meritage Pharma Inc	United States
6/14/2008	W W Hastings Indian Hospital	United States	Cherokee Nation Industries Inc	United States
6/13/2008	Euroceramic Tech Co Ltd	Thailand	ES Ceramics Technology Bhd	Malaysia	2.445
6/13/2008	Euromedic International BV	Hungary	Euromedic International BV SPV	United States
6/13/2008	Haven Healthcare	United States	Formation Capital LLC	United States	85
6/13/2008	Lianyungang Huachen Pharm	China	Investor Group	China	3.331
6/13/2008	Medical Services Co Inc-Pharm	United States	Express Scripts Inc	United States	248
6/13/2008	Simmons Outdoor Corp-Assets	United States	Bushnell Outdoor Products Inc	United States
6/13/2008	Smart Peak Ltd	Hong Kong	Famous Fast Ltd	Hong Kong	6.274
6/13/2008	Tianjin Yu Heng Gao-Med Equip	China	Shanghai Anping Med Treatment	China	7.254
6/13/2008	Watakyu Seimoa Corp	Japan	Seiwa	Japan
6/12/2008	Applied Biosystems Group	United States	Invitrogen Corp	United States	6683.46

Healthcare

Recent US Syndicated Loans

Financial Close Date	Borrower	Business Description	Loan Package Amt (US$ Mil)	Bookrunner(s)	Loan Description
6/13/2008	PAREXEL International Corp	Biotech co	300	JP Morgan KeyBank Corp	RevCred/TLA
6/13/2008	PAREXEL International Corp	Biotech co	300	JP Morgan KeyBank Corp	RevCred/TLA
6/11/2008	Vincentian Collaborative Svcs	Pvd med,health svcs	51.5	PNC Bank Corp	Letter of Cred
5/29/2008	Children's Hospital and Region	Pvd medical/health svcs	150	BankAmerica	Letter of Cred
5/22/2008	Gwinnett Health System	Own,op medical clinic	157	SunTrust Banks	Letter of Cred
5/22/2008	Hoag Memorial Hospital	Pvd medical,surgical svcs	253	BankAmerica	Letter of Cred
5/15/2008	Catholic Health Initiatives	Pvd healthcare svcs	350	JP Morgan	Rev Cred Fac
5/15/2008	Prospect Medical Holdings Inc	Pvd health care mgmt svcs	151.25	BankAmerica	RevCred/Term Ln
5/15/2008	Prospect Medical Holdings Inc	Pvd health care mgmt svcs	151.25	BankAmerica	RevCred/Term Ln
5/15/2008	Prospect Medical Holdings Inc	Pvd health care mgmt svcs	151.25	BankAmerica	RevCred/Term Ln
5/15/2008	St Luke's Episcopal Health Sys	Own,op hospitals	202.3	BankAmerica	Letter of Cred
5/12/2008	Community Mercy Health Ptners	Own,op hospitals	375	BankAmerica JP Morgan	Letter of Cred
4/30/2008	Advanced Pain Management LLC	Pvd medical/health svcs	56	KeyBank Corp	RevCred/Term Ln
4/30/2008	Advanced Pain Management LLC	Pvd medical/health svcs	56	KeyBank Corp	RevCred/Term Ln
4/30/2008	Magellan Health Services Inc	Pvd healthcare svcs	100	Deutsche Bank AG	Rev Cred Fac

Announced Global Target M&A Advisers in Healthcare

Advisor	1/1/2008 - 6/16/2008 ($ Mil)	Rank	1/1/2007 - 6/16/2007 ($ Mil)	Rank
Goldman Sachs & Co	49095.1	1	63083	1
Credit Suisse	41662.4	2	16381.7	5
Citi	39736.7	3	10523.5	10
UBS	17566.4	4	11340.1	8
Nomura	8123.8	5	4480.5	17
Morgan Stanley	7896.7	6	38222.6	3
Merrill Lynch	7507.8	7	33946.1	4
Greenhill & Co, LLC	6443.8	8*	3450	19
Moelis & Co	6443.8	8*	-	-
JP Morgan	5609.1	10	38850.1	2
Industry Total	94190.1	-	126845.1	-

US Healthcare

Bookrunner	1/1/2008 - 6/16/2008 (US$ Mil)	Rank	1/1/2007 - 6/16/2007 (US$ Mil)	Rank
JP Morgan	5536.2	1	4101.5	1
Citi	4071.2	2	3773.3	3
Lehman Brothers	3056.1	3	507.8	12
Banc of America Securities LLC	2793.4	4	3833.7	2
Merrill Lynch	1682.7	5	2641.9	5
Goldman Sachs & Co	1430.4	6	3196	4
Morgan Stanley	658.8	7	2174.3	6
Deutsche Bank AG	441.8	8	1275.3	9
Barclays Capital	332.5	9	599	11
Credit Suisse	176.6	10	2041.3	7
Industry Total	20789.1	-	28013.8	-

Recent Global Equity Deals in Healthcare

Issue Date	Issuer	Principal Amt - sum of all Mkts ($ mil)	Offer Price	06/16/08 Price	Gross Spread as % of Prncpl Amt - in this Mkt	Bookrunner(s)	IPO Flag (Y/N)
6/10/2008	Ipsogen SAS	15.8	7.2	11.574	na	Bryan Garnier & Co	Yes
6/03/2008	Cobra BioManufacturing PLC	2.4	0.05	0.147	na	Seymour Pierce Ltd	No
6/03/2008	SQI Diagnostics Inc	3.6	1.5	1.953	8	Kingsdale Capital Markets Inc.	No
5/30/2008	RTL Corp	0.3	0.01	0.019	na	Carmichael Capital Markets Pty	No
5/23/2008	Protox Therapeutics Inc	3	0.7	0.654	na	Canaccord Capital Corp	No
5/22/2008	Allos Therapeutics Inc	60.9	5.64	6.5	6	Merrill Lynch	No
5/22/2008	Biotron Ltd	1.7	0.17	0.141	na	Martin Place Securities	No
5/22/2008	Natus Medical Inc	78	19.5	20.04	na	Cowen UBS Investment Bank	No
5/21/2008	NeuroSearch A/S	17.8	280		na	Carnegie Danske Bank AS	No
5/20/2008	Acambis PLC	85.4	1.15	2.238	na	JP Morgan Cazenove Piper Jaffray Cos	No
5/20/2008	Acambis PLC	85.4	1.15	2.238	na	JP Morgan Cazenove Piper Jaffray Cos	No
5/15/2008	OAO Pharmstandard	94.5	25	78.5	na	UBS Investment Bank	No
5/15/2008	Anu's Laboratories Ltd	18.9	210	8.91	na	Almondz Global Securities Ltd	Yes
5/12/2008	DiaGenic AS	8.9	5.6	0.925	na	Kaupthing HF	No
5/09/2008	TopoTarget A/S	11.5	11.1	2.469	na	Danske Bank AS	No

Announced Global Healthcare M&A Deals

Industry	1/1/2008 - 12/31/2008 ($ Mil)	Deals	1/1/2007 - 6/16/2007 ($ Mil)	Deals
Pharmaceuticals	67128.2	223	45721.3	214
Healthcare Equipment & Supplies	11572.2	246	32020.7	290
Healthcare Providers & Services (HMOs)	7420.2	196	13093	263
Biotechnology	5729.5	87	21686.6	124
Hospitals	2340.1	58	14323.6	91
Industry Total	94190.1	810	126845.1	982