HC or a TMT deal? Who covers?

Are there ever deals that could be covered by HC or TMT? How is it decided who takes point?
 

Specifically thinking about consumer medical technology devices.

Examples: Wearables (from fitbit, whoop, elective continuous glucose monitor), at home test kits with heavy software component (blood, dna), etc. 

14 Comments
 

Makes sense, but which group/MDs would be bringing in more of those types of deals listed? 

Does it ever happen where groups in the same bank compete over a deal?

 

Echoing the above. My summer in IB I saw consumer taking these same deals (Fitbit, Whoop, etc.), so it’s almost entirely dependent on the MD. Realistically, the “analysis” done in tech vs healthcare vs consumer really isn’t all that different, so it’s the relationship that gets the team the mandate

 
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