What did Sonic Healthcare Limited pay for Aurora Diagnostics?

$540.0M, equivalent to 9.2× EBITDA / 1.70× revenue. Target revenue was approximately $310.0M. Target EBITDA was approximately $59.0M.

ACQUIRED · 2018

Who Acquired Aurora Diagnostics?

Sonic Healthcare Limited · $540.0M· 9.2× EBITDA

The acquisition

Aurora Diagnostics (United States and Canada) was acquired by Sonic Healthcare Limited in 2018 for $540.0M. Aurora Diagnostics, LLC, a specialized laboratory company, provides unsurpassed diagnostic, prognostic, and therapeutic information and services to physicians, hospital systems, and researchers in the United States. It offers pathology services, such as dermatopathology, gastrointestinal and hepatic pathology, hematopathology, and genitourinary; and pathology services to women’s health care providerpathology. The company also provides molecular diagnostic services that focus on pharmacogenomics,. The deal was priced at 9.2× EBITDA / 1.70× revenue.

Aurora Diagnostics at time of acquisition

Revenue

$310.0M

EBITDA

$59.0M

Deal value

$540.0M

EV / EBITDA

9.2×

Other acquisitions by Sonic Healthcare Limited

Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.

ProPath · 2021 · $371.8M

Similar medical practice specialty acquisitions

Consulting Cardiologists · acquired by Hartford HealthCare in 2026 · $3.0M
EyeSouth Partners' Retina Business · acquired by Cencora, Inc. in 2026 · $1.10B
OneOncology · acquired by Cencora, Inc. in 2025 · $7.40B
OrthoAlliance · acquired by Optum / SCA Health in 2025 · $1.40B
OrthoNY · acquired by Zenyth Partners / Evolve Orthopedic Partners in 2025 · $110.0M

Run a valuation for a similar medical practice specialty business

Three fields, instant range, backed by 25,592 real M&A transactions including this one.

Open the medical practice specialty calculator →