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Investment Banker·Pharma Services

Michael Muntner

Partner, Healthcare Services & Technology at Centerview Partners

New York, NY, USA

MM
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Why they matter

Co-founded and leads Centerview's healthcare services practice; has run $400B+ of landmark healthcare M&A, giving unmatched visibility into pharma-services and CDMO deal flow.

Background

Michael Muntner is a Partner at Centerview Partners in New York, where he co-founded the firm's healthcare services & technology practice after joining in 2016. He spent the prior 16 years at Credit Suisse as Co-Head of the Healthcare Group in the Americas, and began his career in healthcare investment banking at Alex. Brown & Sons after a stint as VP of Strategic Planning at Hanger Orthopedic Group. Over a 25+ year career he has advised on more than $400 billion of transactions spanning payors, PBMs/specialty pharmacy, distribution, physician services, CROs, and healthcare IT/pharma services.

Notable deals

  • 2018
    Advised CVS Health on its $78 billion acquisition of Aetna
  • 2018
    Advised Express Scripts on its $67 billion sale to Cigna
  • 2023
    Advised Oak Street Health on its $11 billion sale to CVS Health
  • 2016
    Joined Centerview from Credit Suisse to co-found its healthcare investment-banking practice, after having advised on the Anthem-Cigna and Express Scripts-Medco mega-deals

Call-prep brief

Michael Muntner — Partner, Healthcare Services & Technology, Centerview Partners

Background

  • 25+ years in healthcare investment banking; co-founded Centerview's healthcare services & technology practice in 2016.
  • Previously 16 years at Credit Suisse as Co-Head of Healthcare, Americas; started his career at Alex. Brown & Sons.
  • Advised on $400B+ of transactions, including CVS-Aetna ($78B), Express Scripts-Cigna ($67B), and Oak Street Health-CVS ($11B).

Current focus

  • Sits at the center of payor, PBM/specialty pharmacy, distribution, physician services, and healthcare IT/pharma-services deal flow — exactly the CDMO-adjacent corridor of the market.
  • Regularly advises both strategics and PE sponsors on large-scale healthcare services M&A.

What he cares about

  • Structural shifts in healthcare economics — margin compression, labor cost, and where technology/automation can offset both (a recurring theme in his public commentary).
  • Positioning sell-side processes to maximize competitive tension among strategic and sponsor bidders.

Recent moves

  • Continues to headline Centerview's healthcare practice; recent public appearance includes the 2025 Pepperdine Graziadio Healthcare Symposium.

Potential sensitivities

  • As a sell-side/buy-side advisor, he cannot discuss active mandates or non-public deal specifics — frame outreach around market perspective, not live processes.
  • Centerview's client roster is broad; check for conflicts before disclosing target names.

Questions to ask

  1. Where is he seeing the most competitive tension right now between strategic acquirers and PE sponsors in pharma services/CDMO?
  2. What deal structures or financing terms is he seeing hold up processes in the current healthcare services M&A environment?
  3. Which sub-sectors of pharma services does he think are most ripe for consolidation over the next 12-18 months?

Outreach draft

Subject
Perspective on pharma services / CDMO M&A
Michael, I lead deal sourcing on our healthcare services team, and your work advising on transactions like the Oak Street Health-CVS deal caught our attention as we scope opportunities in pharma services and CDMO. We're trying to build a sharper read on where consolidation and competitive tension are heading in this corridor over the next year. Would you have 20-30 minutes for a call in the next couple of weeks? Happy to work around your schedule, and glad to share what we're seeing on our end in exchange. Best, [Your Name]

Linked companies

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