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Home Health and Hospice M&A Multiples: Gentiva Acquires ProMedica's Home Health / Hospice Operations
Gentiva, a home health and hospice operator backed by Clayton Dubilier & Rice, announced on February 28, 2023 that it would acquire...

Will Hamilton
Mar 2, 20232 min read


Physical Therapy EBITDA Multiples: Motion PT Acquired by Confluent Health (~12.5x EBITDA)
Partners Group -backed Confluent Health announced a new partnership with MOTION PT, a physical therapy, occupational therapy, and speech...

Will Hamilton
Feb 15, 20231 min read


Behavioral Health Valuation Multiples: Embark Behavioral Health Acquired (12x to 15x EBITDA)
Consonance Capital Partners acquired a majority stake in Embark Behavioral Health, a provider of integrated behavioral health services...

Will Hamilton
Feb 10, 20231 min read


Home Medical Equipment HME / DME EBITDA Multiples: Great Elm Healthcare (6x EBITDA)
In January 2023, Quipt Home Medical Corp., a U.S.-based respiratory care equipment provider, took a significant step towards national...

Will Hamilton
Jan 4, 20231 min read


Payer Services EBITDA Multiples: Evolent Acquires Magellan Specialty Services (~14.3x EBITDA)
Evolent Health, Inc. (NYSE: EVH), a population health management company, announced the acquisition of National Imaging Associates, Inc....

Will Hamilton
Nov 22, 20221 min read


Population Health EBITDA Multiples: Steward Medicare VBC Acquisition by CareMax (21x EBITDA)
In November 2022, CareMax, Inc., a leading provider of technology-enabled value-based care to seniors, announced the completion of its...

Will Hamilton
Nov 22, 20221 min read


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
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