Top Healthcare Groups for exposure (overall)? (NYC)

Hi, hoping to see if anyone has insight or access to information that sheds insight on the top healthcare groups on the street? Are there certain firms that outperform in this area over others?

I understand there are various verticals and sectors in Healthcare and some firms may outperform others in that particular area but was hoping to see overall wise, which firms would be the strongest in the Healthcare space for an overall healthcare investment banking experience.

From research and previous threads it seems top groups HC overall:

1.) GS/JPM
2.) Barclays/BAML
3.) Citi
4.) MS
5.) CS
6.) DB/UBS

Middle Market/Boutique:
1.) Piper Jaffray
2.) PWP
3.) Jefferies
4.) Centerview

Would be great to see if anyone can shed insight on this or have any information.

Comments (38)

Jun 2, 2020 - 4:42pm

Your boutique stuff is lacking. CenterView is almost GS like in HC now. You are also excluding Lazard, Moelis,Evercore, Guggenheim who all probably do lot more than PWP. Jefferies and even Houlihan probably do more than Piper

  • 5
  • Analyst 2 in IB - Ind
Jun 3, 2020 - 12:42am

Depends what you consider when you say overall healthcare investment banking experience. If you only mean M&A, which is not even close to an overall experience, then Centerview runs healthcare at the moment and it is not even close. They seem to be on every single large biotech sell side for the past 18+ months. If you want to work with clients through the entire process of healthcare, then you would be much better suited at a middle market bank that focuses on being an advisor at every stage. Healthcare is one of the more fragmented sectors in banking with much smaller firms generating substantial fees due to their specialty in the sector.

  • Intern in IB - Ind
Jun 8, 2020 - 6:36pm

do you know specifically which verticals within HC they do best in?

  • Intern in IB - Ind
Jun 8, 2020 - 6:35pm

He's not new, just an internal promotion but DB is very strong in HCIT and is able to edge out UBS in overall healthcare because of it.

  • Analyst 2 in IB-M&A
Jun 8, 2020 - 6:51pm

Your BB ranking is completely inaccurate.

MS is on par with GS / JPM. They were on AbbVie Allergan, BMS Celgene and countless other mega-deals. This makes me think you work at one of the banks listed as 2 and 3.

Jun 9, 2020 - 12:41am

Bunch of smaller boutiques and capital market-heavy shops out there that you didn't name that all do deals and therefore have solid experience in my opinion (I know people at most of these). Just to rattle off some that may or may not be named here in no particular order: Leerink, Cowen, Cantor (big bad Sage Kelly), Torreya, MTS, Cain, TripleTree, Canaccord. All of these do capital markets and/or M&A deals of various sizes and have a good name for themselves. Not sure if all of these are in NY so apologies if I fucked that one up.

  • 2
  • Analyst 2 in IB-M&A
Oct 21, 2020 - 8:32pm

MS should definitely be listed alongside GS / JPM. They were on almost all of the largest HC deals recently.

OP 100% works at either Barclays or BAML

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