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Healthcare M&A and Valuation
News and Insights


Cencora Acquires Retina Consultants of America for $4.6b (15x to 23x EBITDA)
Healthcare drug distributor Cencora has purchased Retina Consultant of America for $4.6 billion. RCA is (by far) the largest MSO in the...
Nov 8, 20242 min read


Metro MSO Acquired by U.S. Physical Therapy, Inc. (~12.8x EBITDA)
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced that it has signed an...
Oct 8, 20242 min read


GeBBS Acquired by EQT for $850m (~17x EBITDA)
GeBBS Healthcare Solutions, a Los Angeles-based healthcare BPO firm, is being acquired by EQT for $850 million. GeBBS provides...
Sep 11, 20242 min read


Tenet to Sell 70% Interest in Alabama Health System (15.2x EBITDA)
Tenet Healthcare Corporation (NYSE: THC) has announced a definitive agreement to sell its 70% majority ownership interest in Brookwood...
Aug 6, 20241 min read


R1 RCM to be Acquired for $14.30/Share (~14.3x EBITDA)
R1 RCM Inc. (NASDAQ: RCM) has entered into a definitive agreement to be acquired by TowerBrook Capital Partners and Clayton, Dubilier &...
Aug 1, 20241 min read


Soliant Acquired by Vistria for $2.5b (9.6x EBITDA)
Private equity firm The Vistria Group has recapitalized / acquired / made a strategic investment in Soliant in a deal that implies an enterprise value of roughly $2.5 billion. The deal was announced about four years after middle market buyout fund Olympus Partners bought the business for $612 million from Adecco Group (~11x EBITDA at that time). Soliant is a provider of healthcare staffing services, connecting professionals such as nurses, therapists, psychologists and educat
Aug 1, 20244 min read


Rotech Acquired by Owens Minor for $1.36b (6.5x EBITDA)
Owens & Minor (NASDAQ: OMI) announced it has entered into a definitive agreement to purchase Rotech Healthcare for $1.36 billion in...
Jul 24, 20242 min read


Medical Office Building (MOB) Valuation Trends 2024
Our primary focus is on compiling data related to valuations and M&A activity for healthcare operating businesses. However, we also track...
May 22, 20242 min read


Behavioral Health: Autism Services and Pediatric Therapy Valuation Multiples 2024
The autism services and pediatric therapy segments of the behavioral health industry (ABA, occupational and speech therapy, etc.)...
May 17, 20243 min read


Medical Director Compensation and Hourly Rate Benchmarking Strategies 2024
This article delves into the world of medical director compensation, exploring common benchmark sources and strategies.
May 2, 20243 min read


Vista Acquires Model N for $1.25b (~25x EBITDA)
Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, announced ...
Apr 9, 20242 min read


VITAS Acquires Non-Profit Covenant Care for $85m
VITAS Healthcare Corporation, a subsidiary of Chemed Corporation (NYSE: CHE), announced an agreement to acquire all hospice operations...
Mar 15, 20242 min read
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