Joseph D'Amadeo | Leerink Partners

For Corporates
Insights into Healthcare M&A: Q3 2024 Trends
Healthcare M&A activity increased in the third quarter of 2024, with 33 transactions vs. 21 in 2023. Healthcare Services was the most active healthcare subsector, representing 42% of deal volume, with the most notable transaction being TowerBrook’s and CD&R’s $8.3B acquisition of R1 RCM. Biopharma transaction volume increased slightly in the third quarter of 2024, with 10 transactions vs. 9 in 2023, while transaction value declined from $13 billion to $9 billion. Oncology was the most active therapeutic area. We expect Biopharma M&A activity to remain dynamic as large biopharmaceutical companies seek to fill revenue and pipeline gaps via acquisitions of development-stage companies. We continue to expect both private and publicly traded pre-commercial biopharma companies to evaluate the full range of strategic alternatives, including partnerships, mergers and sale transactions. Given an improving macroeconomic backdrop and corresponding capital markets environment, we also expect private development-stage private companies to increasingly evaluate IPOs.
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Joseph D’Amadeo

Joseph D’Amadeo is a Senior Managing Director of Institutional Equities at Leerink Partners.

Mr. D’Amadeo brings over 30 years of experience and expertise in institutional equity sales to Leerink Partners. Prior to joining the Firm in 2016, Mr. D’Amadeo served as a Managing Director of Equity Research Sales at Barclays. During his 17 years at Barclays, formerly Lehman Brothers, Mr. D’Amadeo co-managed the Institutional Sales team in addition to covering some of the largest Hedge Funds/Long only clients of the firm. Prior to his tenure at Barclays, Mr. D’Amadeo was a Founding Partner of the brokerage firm Taglich Brothers, D’Amadeo, Wagner & Co., which he ran from 1992-1999.

Mr. D’Amadeo earned his B.B.A. in Finance from Lubin School of Business at Pace University.

Joseph D’Amadeo

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