With the rapid development of the healthcare industry and rising investment opportunities, middle market investment banks have become increasingly important financial intermediaries that provide services such as M&A advisory and capital raising for mid-sized healthcare companies. This article provides a list of the top mid-sized investment banks specializing in the healthcare sector.
Leerink Partners is a leading healthcare investment bank
Founded in 1993 and headquartered in Boston, Leerink Partners is one of the top investment banks focusing on healthcare. With over 800 employees, it provides various services including M&A advisory, equity capital raising, and equity research. Leerink has extensive experience and connections in healthcare, advising on over 300 M&A and capital raising deals totaling over $100 billion. It focuses on companies in sub-sectors like biopharma, digital health, medtech, diagnostics, and healthcare services. Some of its clients include emerging growth companies like Flatiron Health and big corporations like Sanofi.
Cain Brothers has deep expertise in healthcare M&A deals
Established in 1980 and based in New York, Cain Brothers is a leading healthcare-focused investment bank providing M&A, capital raising, and strategic advisory services. With a team of over 60 professionals, it has advised on over 275 transactions totaling $60 billion in value. Cain Brothers has extensive healthcare domain expertise and focuses on sub-sectors like healthcare services, information technology, outsourced services, medical technology, diagnostics, and pharmaceuticals. Its clients range from middle market private companies to large public corporations.
Piper Sandler offers strong equity research capabilities
Founded in 1895 and headquartered in Minneapolis, Piper Sandler is a middle market investment bank providing M&A, capital raising, and financial advisory services across multiple sectors including healthcare. It has over 1300 employees globally. Piper Sandler is known for its deep equity research expertise including healthcare research on over 700 public companies. On the investment banking side, it has advised on over 225 healthcare transactions worth over $67 billion in aggregate. Key healthcare sub-sectors it covers include biopharma, medtech, healthcare services, and healthcare IT.
Raymond James has expertise across healthcare sub-sectors
Founded in 1962 and based in Florida, Raymond James is a diversified financial services firm providing investment banking, asset management, and equity research services. It has over 8,200 employees and manages $1.26 trillion in client assets. Raymond James focuses on the middle market and has advised on 330+ healthcare transactions worth over $35 billion. It offers M&A and financing services across healthcare sub-sectors including pharma, biotech, diagnostics, health IT, hospitals, and medical devices.
The top mid-sized investment banks providing M&A and financing advisory in healthcare include Leerink Partners, Cain Brothers, Piper Sandler, and Raymond James. They have strong expertise across healthcare sub-sectors and experience advising both emerging and established companies.