

Healthcare Services M&A: EBITDA Multiple Trends
Valuation multiples in the healthcare services industry are increasing, just like the price of about everything. Multiple expansion hasn't been uniform across subsectors, however. To illustrate this point, we developed size-adjusted EBITDA multiples based on healthcare services deals with publicly-disclosed financial information in the Scope Research Healthcare M&A Valuation Database for three broad industry subsectors: Home -based services, specialty outpatient services, and
Nov 19, 2021


PACE Valuations: 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...
Apr 7, 2021


Oncology Valuations: 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...
Apr 1, 2021


Anesthesia Valuations: 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...
Mar 5, 2021


ASC Valuations: 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...
Dec 16, 2020


The 30 Largest Healthcare Deals of 2018: Who Got the Lowest Valuations?
We ranked the 30 largest healthcare services and information technology deals of 2018, according to our database, by valuation multiple. The lowest reported price to EBITDA multiples (10x or lower, sorted alphabetically) are listed below. Aurora Diagnostics: Sonic Healthcare Limited announced it entered into an agreement to acquire Aurora Diagnostics, one of the leading providers of anatomical pathology services in the U.S., in December. Aurora is a frequent acquirer of hosp
Feb 11, 2019


The 30 Largest Healthcare Deals of 2018: Who Got the Highest Valuations?
We ranked the 30 largest healthcare services and information technology deals of 2018, according to our database, by valuation multiple....
Jan 8, 2019


Valuation Trends: Healthcare Services Valuation Multiples
One of the questions we get asked a lot is how valuations have changed over time. While we usually answer this question with only anecdotal evidence, here we’ve tried to answer it with data. There are a couple of issues with doing this type of analysis: Finding a large enough sample for each year Ensuring the relative comparability of the sample used from year to year Where possible, adjusting for other key factors that influence the valuation multiples, such as size In or
Nov 26, 2018


Size-Adjusting Healthcare Services Market Multiples
As we wrote last week, larger healthcare services companies generally fetch higher valuation multiples – i.e. the purchase price...
Aug 27, 2018


What are Healthcare Services “Platform” Companies and Why are They Worth More?
One of the things we often discuss with our clients is the impact of the size of a healthcare services organization on its valuation....
Aug 20, 2018








