Bobby Whelan

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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Bobby Whelan

Bobby Whelan is a Senior Managing Director of Institutional Equities at Leerink Partners.

Bobby joined the Firm in 2012 as a Trading Assistant on the market making desk, providing support in both sales trading and market making before moving to a Sales Trading role in 2015 covering key accounts on the West Coast and Denver. Prior to joining Leerink Partners, Mr. Whelan worked in Major League Baseball, serving in several capacities with both the Pittsburgh Pirates and Florida Marlins.

He earned his B.A. in Sociology from Colby College.

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