SE‑Cluster

Search

Search markets, companies, evidence, and pages

TickerELAB
SectorBiotechnology
Mkt cap$4M
EV / EBITDAN/A
PostureHigh Velocity
Composite66/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1840563

PMGC Holdings Inc.

ELABHIGH VELOCITYFILING INTENSITY

PMGC Holdings Inc. reads as an High Velocity (composite 66/100); Selective Buyer deploying $2B across 3 disclosed transactions, newly disclosed vs the prior cycle · primary market Healthcare.

Lens

Disclosed M&A capital (2023–2025)

$2.2B

new

vs N/A in 2020–2022

Disclosed transactions

3

new

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

66

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$590K
EBITDAN/A
Enterprise value$1M
EV / Revenue1.8×
EV / EBITDAN/A
P/EN/A
Cash$5M
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

37/100

Companies actively deploying disclosed capital into M&A

  • $2.2B disclosed buyer spend

Buyer Cadence

14/100

Buyer-side companies with recent filing activity

  • Filed within 43d
  • 91 8-Ks

Target Probability

8/100

Issuers showing target-side patterns from filings

  • 1 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 1 activism filings

Pressure Watch

24/100

Issuers facing activism, governance, or control pressure

  • 1 activism filings
  • Latest activism 2.3y ago; discounted

Distress Watch

31/100

Issuers showing financial-distress filing patterns

  • 10-Q 208d stale
  • 1 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
66/100

Issuers with the highest filing-activity intensity

  • 91 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $1M
  • 10-Q 208d ago
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $2,163M · Peak count: 3

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20253$2.2B$721MN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • tuck_in
  • bolt_on
  • horizontal_consolidation
  • geographic_expansion
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Our strategy is to identify and invest in compelling opportunities—regardless of sector—with strong fundamentals, growth potential, and scalable operations.

10-KFY2025

We actively seek acquisitions that complement our existing portfolio and align with our long-term value creation objectives.

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Healthcare

Market spend (2023–2025)
$195B
Market spend (2020–2022)
$253.6B
Recent vs prior
−23%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

ELAB trades at a -13.1-turn discount to the Healthcare peer median of 12.9×.

EV / Revenue
1.8×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
12.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
23.4×6.7×3.1×$62.8B$18B
17.2×0.9×1.9×$449.7B$28.1B
12.9×6.0×2.6×$37.2B$26.7B
11.7×0.5×2.5×$200.4B$6.4B
9.3×1.9×2.8×$76.4B$1.3B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Healthcare. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)32026-03-30
  • 10-Q (quarterly)72025-11-14
  • 8-K (event)912026-04-28
  • Proxy / DEF 14A22025-10-27
  • Activism (13D / DFAN / PREC)12024-02-21

Signals on file

  • elevated

    Activism on file

    2024-02-21

    1 activist filing on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.