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Private Equity Firm Acquires Neue Health (~16.7x 2025 EBITDA, 7.6x 2026 Figures)
On October 2, 2025, New Enterprise Associates (NEA) completed a take private transaction involving NeueHealth, Inc., a provider of value-based care solutions that integrates patient engagement, care coordination, and provider enablement tools aimed at improving clinical outcomes and reducing total cost of care. NeueHealth’s platform partners with provider organizations and payors to deliver risk-bearing care models, leveraging data analytics, technology-driven workflows, an

Will Hamilton
Oct 3, 20252 min read


SiriusPoint's ArmadaCare Acquired by Ambac (~14x EBITDA)
On September29, 2025, Ambac Financial Group, a specialty financial services company focused on insurance, reinsurance, and related risk-based products, announced its acquisition of ArmadaCare, a provider of comprehensive home care and personal support services serving aging and medically complex populations. ArmadaCare’s offering includes non-medical personal care, companion support, and community-based assistance tailored to seniors and individuals with functional limitati

Will Hamilton
Sep 30, 20252 min read


Evolent Care Partners to be Acquired by Privia (~10x EBITDA)
On September 23, 2025, Privia Health Group, Inc. (Nasdaq: PRVA) entered into a definitive agreement to acquire the Accountable Care Organization (ACO) business of Evolent Health, Inc. (NYSE: EVH), operating under the Evolent Care Partners (ECP) brand. The transaction provides Privia with more than 120,000 attributed lives across the Medicare Shared Savings Program (MSSP) as well as various commercial and Medicare Advantage programs, expanding Privia’s total value‑based care

Will Hamilton
Sep 24, 20252 min read


RiteAid Divests PBM Elixir for $575m (~6.1x EBITDA)
In a saga mirroring the turbulent fortunes of the brick-and-mortar pharmacy and PBM industries, Rite Aid swallowed a bitter pill on...

Will Hamilton
Jan 12, 20242 min read


Community Family Care Medical Group IPA Acquisition (~8.1x EBITDA)
Apollo Medical Holdings, Inc. (NASDAQ: AMEH ) announced that it entered into a definitive agreement to acquire Community Family Care...

Will Hamilton
Nov 8, 20233 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


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


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
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