M&A Deal Summary

Bausch Health Acquires Dow Pharmaceutical Sciences

On December 10, 2008, Bausch Health acquired life science company Dow Pharmaceutical Sciences from Galen Partners and EW Healthcare Partners for 285M USD

Acquisition Highlights
  • This is Bausch Health’s 3rd transaction in the Life Science sector.
  • This is Bausch Health’s 16th largest (disclosed) transaction.
  • This is Bausch Health’s 3rd transaction in the United States.
  • This is Bausch Health’s 3rd transaction in California.

M&A Deal Summary

Date 2008-12-10
Target Dow Pharmaceutical Sciences
Sector Life Science
Buyer(s) Bausch Health
Sellers(s) Galen Partners
EW Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 285M USD

Target

Dow Pharmaceutical Sciences

Petaluma, California, United States
Developer, manufacturer and marketer as well as formulator of topical therapies focused on the dermatology market.

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Buyer(S) 1

Buyer

Bausch Health

Laval, Quebec, Canada

Category Company
Sector Life Science
Employees20,270
Revenue 9.6B USD (2024)
DESCRIPTION

Bausch Health is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of dermatology, neurology, and branded generics. Bausch Health is based in Laval, Quebec.


DEAL STATS #
Overall 3 of 36
Sector: Life Science M&A 3 of 22
Type: Add-on Acquisition M&A Deals 3 of 26
State: California M&A 3 of 7
Country: United States M&A 3 of 23
Year: 2008 M&A 2 of 2
Size (of disclosed) 16 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-17 Coria Laboratories

Aliso Viejo, California, United States

Coria Laboratories Ltd. specializing in research, development and marketing of branded prescription and over-the-counter dermatology products.

Buy $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-29 Tecnofarma S.A. de C.V.

Iztacalco, Mexico

Tecnofarma is a producer of generic pharmaceuticals to the government and private label markets.

Buy -

Seller(S) 2

SELLER

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 11 of 26
Sector: Life Science M&A 2 of 3
Type: Add-on Acquisition M&A Deals 10 of 22
State: California M&A 3 of 6
Country: United States M&A 11 of 26
Year: 2008 M&A 3 of 3
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-05 Specialized Health Products Intl

Bountiful, Utah, United States

Specialized Health Products Intl, Inc.,is a designer, developer, manufacturer and licenser of cost-effective, innovative safety healthcare products.

Sell $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 PeriGen

Cranbury, New Jersey, United States

PeriGen is a provider of fetal monitoring and surveillance software systems for perinatal clinicians. PeriGen is based in Cranbury, New Jersey.

Buy -
SELLER

EW Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.


DEAL STATS #
Overall 14 of 53
Sector: Life Science M&A 6 of 17
Type: Add-on Acquisition M&A Deals 8 of 34
State: California M&A 5 of 17
Country: United States M&A 13 of 46
Year: 2008 M&A 5 of 5
Size (of disclosed) 9 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-05 Iomai

Gaithersburg, Pennsylvania, United States

Developed a method to safely and more effectively deliver vaccines through the use of a skin patch and without injections.

Sell €75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-04 Symphogen AS

Ballerup, Denmark

Symphogen AS is a polyclonal antibody technology that provides a totally new, innovative class of biopharmaceuticals for treating serious human diseases. Symphogen was founded in 2000 and is based in Ballerup, Denmark.

Buy -