Best Healthcare Investment Banks by Verticals

bananabanker978's picture
Rank: Baboon | 134

Which investment banks are strongest in services/ IT? Med devices and med tech? Less interested in pharma

I know GS and Centerview do a lot of pharma, Morgan Stanley has strong Services, Gugg great Med Devices what about firms like JP/ BAML/ Evercore/ Laz/ PJT/ Citi/ Barclays/ Guggenheim/ Credit suisse?

Also which of these Healthcare groups have the best exits to HC-focused PE firms/ HC groups in MF's / HC Growth Equity. I'm interested in medical devices and med technology/ HC Services and IT PE.

Does anyone have any idea?

Thanks!

Comments (22)

Oct 20, 2018

Piper comes to mind for Medtech-http://www.piperjaffray.com/2col.aspx?id=1371
Heard decent things about Citi's HCIT/Services

Also interested in top Medtech and HCIT/Services groups

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Oct 20, 2018

PWP is also quite good in MedTech. But it's very hard to find banks who are so specialised in HC they only do MedTech or healthcare IT. Many put all branches of HC under one umbrella and pharma/biotech is still a large part of that.

Jan 19, 2019

They just poached the global head of JPM Healthcare

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Feb 26, 2019

Yeah, Jeff Stute is now at PWP. Future powerhouse in the making.

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Jan 19, 2019

Bump

Jan 19, 2019

I work in Healthcare Services/Tech, I see Triple Tree, Cain Brothers, WB, and HW. Not too much in the way of bulge bracket.

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Oct 31, 2019

Can you please elaborate on TT? Curious to hear their progression over the years

Array

Jan 19, 2019

0

Jan 20, 2019

More for pharma/biotech but they do get a couple of deals occasionally.

Jan 20, 2019

JPM NY has arguably the strongest HC practice (overall) on the street.

Feb 25, 2019

I'll add HL

Feb 25, 2019

For the MM:

  • Cowen is strong in Pharma/Biotech
  • Cain in HC services
  • TT in HCIT
  • Piper across the board, but particularly in Medtech and HCIT
  • Deloitte in DME and distribution
  • Blair, Brentwood, Jefferies, Crosstree are the others I've seen
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Most Helpful
Feb 25, 2019

Among BBs GS still does very well in services and pharma. Med devices - not so much. Barclays does well in services. Feel like GS (first) and Barclays are best in HCIT among BBs. MS does some big deals but not a volume place. JPM, BAML and CS are shells of what they used to be - too many people left. Citi sometimes pops up. Not often. DB hired bunch of new people, so will see where that goes.

Among boutiques, you see Centerview in lot of pharma and services. I would call them #1 among boutiques in that space. Evercore and to some extent Lazard does similarly well in pharma / services. Guggenheim does well in all 3 and great in med devices - like legendary. Think Greenhill fell off the cliff and I don't really see PJT (excluding today's GE/Danaher Deal) and PWP much (although they hired the JPM dude recently). Moelis does well in few niche services areas, and more middle market (dental, behavioral).

In MM, Jefferies is the king of services. I still don't know how they do so much work. And people already talked about some of the smaller places including Piper Jeffray in med devices and Cowen/SVB Leerink in pharma.

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Feb 26, 2019

Agree with your post, except among the BBs, I thought JPM has the strongest healthcare franchise across the street no? (generally speaking that is)

I mean I don't keep track of it anymore but they dominated FY2017 if I remember correctly

Feb 26, 2019

And it's 2019. You still see them on some stuff, but just not the domination like it used to be. Lot of people left across all verticals over last 3-4 years. They'll still get lot of the ECM/Lev Fin, but lower than historic on M&A from what I see.

Feb 26, 2019
abacab:

I don't really see PJT (excluding today's GE/Danaher Deal) much

LOL. Only 20 bil, no biggie. I'm sure PJT was just having a good day.

Mar 13, 2019

Guess you work at PJT.

Mar 12, 2019

@abacab Thank you for the detailed post.. this is very helpful

Oct 30, 2019

Any thoughts on Edgemont Partners? Seem like they're growing.

Oct 31, 2019
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