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Medical Device CDMO M&A: KKR Sells Minnesota Rubber and Plastics (~10x Synergy-Adjusted EBITDA)
Trelleborg Group, a global leader in engineered polymer solutions, has acquired Minnesota Rubber and Plastics (MRP) for $950 million on a...

Will Hamilton
Aug 3, 20221 min read


Payer Services EBITDA Multiples: IPG Acquired by Evolent (18.5x EBITDA)
Evolent Health, Inc. (NYSE: EVH), a leading population health management company, announced the acquisition of Implantable Provider Group...

Will Hamilton
Jun 30, 20222 min read


Healthcare RCM EBITDA Multiples: PE firms Invest in Bon Secours Mercy's Ensemble (~16.7x EBITDA)
Ensemble Health Partners, a provider of technology-enabled revenue cycle management solutions for health systems, including hospitals and...

Will Hamilton
Apr 1, 20222 min read


Home Health and Hospice EBITDA Multiples: Optum Acquires LHC Group (20.8x EBITDA)
Optum, the healthcare technology and services arm of UnitedHealth Group, has announced its intent to acquire LHC Group, a leading...

Will Hamilton
Apr 1, 20222 min read


Payer Services EBITDA Multiples: TPG Acquires Remainder of Convey Health (~13.4x EBITDA)
TPG Capital, the private equity platform of global alternative asset management firm TPG, announced a definitive agreement to acquire the...

Will Hamilton
Mar 24, 20221 min read


Medical Device CDMO EBITDA Multiples: Intricon Acquired by Altaris (~17x EBITDA)
On February 28, 2022, Altaris Capital Partners, a private equity firm focused on the healthcare industry, announced the acquisition of...

Will Hamilton
Mar 1, 20221 min read


Medical Device CDMO EBITDA Multiples: Elos MedTech Acquired by TA (~13.9x EBITDA)
In June 2021, TA Associates, a global private equity firm, announced a strategic growth investment in Elos Medtech, a leading contract...

Will Hamilton
Jul 9, 20211 min read


PACE Managed Care EBITDA Multiples: InnovAge IPO
InnovAge Holding Corp. filed an IPO with the SEC on February 8, 2021, raising ~$350m at an enterprise value of ~$3.5b. With annualized...

Will Hamilton
Apr 7, 20211 min read


Oncology EBITDA Multiples: Acquisition of The Oklahoma Proton Center
The Oklahoma Proton Center is being purchased for $62m by a newly formed non-profit organization in a transaction exclusively financed...

Will Hamilton
Apr 1, 20211 min read


Anesthesia EBITDA Multiples: CRH Medical Corporation Acquisition
CRH Medical Corporation announced it was being acquired by Well Health Technologies Corp. on February 8, 2021 for $4 per share, implying...

Will Hamilton
Mar 6, 20211 min read


Physical Therapy EBITDA Multiples: ATI Physical Therapy SPAC Transaction
ATI Physical Therapy announced it was going public via a SPAC transaction with Fortress Value Acquisition Corp. II on February 22, 2021....

Will Hamilton
Feb 22, 20211 min read


Managed Care EBITDA Multiples: Magellan Acquired by Centene
On January 4th, Centene announced it was purchasing Magellan Health for $95 per share, implying a total enterprise value of $2.2b. The...

Will Hamilton
Jan 7, 20211 min read


ASC EBITDA Multiples: Tenet's Acquisition of 45 SurgCenter Development ASCs
On December 10th, Tenet Health announced it was purchasing a portfolio of up to 45 ambulatory surgery centers from SurgCenter Development...

Will Hamilton
Dec 16, 20201 min read


Durable Medical Equipment EBITDA Multiples: AdaptHealth's Acquisition of AeroCare
On December 1st, AdaptHealth announced it was purchasing AeroCare Holdings, Inc. for total consideration of $2b, consisting of ~$1.1 in...

Will Hamilton
Dec 2, 20202 min read


Hospice EBITDA Multiples: Addus HomeCare's Acquisition of Queen City Hospice
On November 11th, Addus HomeCare announced it was purchasing Queen City Hospice, LLC, an Ohio-based hospice agency with three locations,...

Will Hamilton
Nov 11, 20201 min read


Dialysis EBITDA Multiples: American Renal Associates Acquired by PE Firm
On October 12, American Renal Associates announced it was was being acquired by an affiliate of private equity firm Nautic Partners for...

Will Hamilton
Oct 13, 20201 min read


Home Health EBITDA Multiples: Simplura Health Group Acquired by Providence
On September 29th, Providence Service Corporation announced it was purchasing Simplura Health Group for $575m. According to the press...

Will Hamilton
Sep 30, 20201 min read


Non-Profit Hospital Minority Investment: Health First/AdventHealth
Non-profit health systems are increasingly interested in making minority investments in other NFPs within their service area as a means...

Will Hamilton
Apr 1, 20201 min read


ACO News: Valuation Multiples From Recent ACO Acquisition
In what we believe is the first stand-alone ACO acquisition with a publicly-disclosed purchase price, HealthLynked Corp has purchased...

Will Hamilton
Mar 27, 20201 min read


Which Healthcare Services Segments Have the Highest Margins?
One of the many benefits of tracking healthcare transactions closely and maintaining a very large database of deals where we can get...

Will Hamilton
Nov 16, 20181 min read
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