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Medical Devices Valuation Multiples (2026)
EBITDA & revenue sale multiples, deal flow, and active acquirers - based on 1,004real disclosed M&A transactions in the medical devices space. Run the calculator below to price your business at current multiples.
What multiple does a medical devices sell for?
In the $25M-$100M EV range, a medical devices sold at a median of 12.7x EBITDA (middle 50% of deals 9.1x-21.9x) across 14disclosed M&A transactions, 2018-2026, from SEC EDGAR filings and verified press releases. That is the population midpoint — your specific number depends on margins, growth, customer concentration, and owner-dependence.
Updated 2026-07-31 · 14 disclosed deals · source window 2018-2026
| Size bracket | Median EV/EBITDA | Typical range (IQR) | n |
|---|---|---|---|
| $25M-$100M EV | 12.7x | 9.1x-21.9x | 14 |
Aggregate population median for the size bracket - disclosed transactions only (SEC EDGAR + verified press releases), 2018-2026, n≥10 per cell. A precise figure for your business depends on margins, growth, customer concentration, and owner-dependence. See the full $25M-$100M EV breakdown →
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State of Medical DevicesM&A in 2026
The medical devices M&A market is tracked across 1,004 disclosed transactions in the ExitValue.ai database (418 with EBITDA disclosed, 978 with revenue). The current market trend is consolidating.
Active acquirers include Boston Scientific Corporation, Danaher Corporation, Agilent Technologies, Inc., Embecta. Recent named transactions: Penumbra, Inc. (2026); Masimo Corporation (2026); Biocare Medical, LLC (2026).
Premium valuations in medical devices are driven by fda 510(k) portfolio breadth (multiple cleared products = optionality for strategic buyer); recurring consumable revenue above 40% of total (razor / razor-blade economics); gpo contract base across premier / vizient / healthtrust (institutional channel locked).
What compresses valuations: single-product revenue concentration above 60% (regulatory or competitive risk amplified); fda recall history or warning-letter exposure (institutional buyers walk on this); single-distributor channel concentration (revenue interruption risk on contract loss).
Source: SEC filings, EDGAR 8-K/S-4, and verified press releases. Run the calculator below to see the specific multiples that apply to your business.
Recent named M&A deals in medical devices
Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).
Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.
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What drives a premium valuation
- ●FDA 510(k) portfolio breadth (multiple cleared products = optionality for strategic buyer)
- ●Recurring consumable revenue above 40% of total (razor / razor-blade economics)
- ●GPO contract base across Premier / Vizient / HealthTrust (institutional channel locked)
What compresses valuation
- ●Single-product revenue concentration above 60% (regulatory or competitive risk amplified)
- ●FDA recall history or warning-letter exposure (institutional buyers walk on this)
- ●Single-distributor channel concentration (revenue interruption risk on contract loss)
Medical Devices valuation: common questions
What multiple does a medical devices sell for?
In the $25M-$100M EV range, a medical devices sold at a median of 12.7x EBITDA (middle 50% of deals 9.1x-21.9x) across 14 disclosed M&A transactions filed 2018-2026 (SEC EDGAR + verified press releases). That is the aggregate population midpoint for the size bracket; a precise figure for your specific business depends on margins, growth, customer concentration, and owner-dependence — run the ExitValue.ai medical devices calculator for that.
How is a medical devices business valued?
Medical Devices businesses are valued by benchmarking against comparable completed M&A transactions, then adjusting for the specific business. Owner-operator practices are typically priced on an earnings or seller-discretionary-earnings basis, while businesses at platform scale shift toward institutional earnings-multiple methodology. The ExitValue.ai engine selects the methodology that the comparable deal set actually used and adjusts for margin quality, growth, owner dependency, customer concentration, and recurring-revenue mix.
What drives medical devices valuation?
The biggest value levers in medical devices are recurring or repeat revenue, owner independence (the business runs without the founder), customer diversification (no single client dominates), a credible growth trajectory, and operating-margin quality relative to the vertical. In this space specifically, buyers pay up for fda 510(k) portfolio breadth (multiple cleared products = optionality for strategic buyer); recurring consumable revenue above 40% of total (razor / razor-blade economics); gpo contract base across premier / vizient / healthtrust (institutional channel locked).
How many medical devices M&A deals are tracked?
ExitValue.ai tracks 1,004 disclosed medical devices M&A transactions, 418 with EBITDA disclosed, 978 with revenue disclosed, sourced from SEC filings, EDGAR 8-K/S-4 documents, and verified press releases and refreshed daily. Current market trend: consolidating.
Who buys medical devices businesses?
Medical Devices businesses are acquired by strategic acquirers (larger operators in the same space), and private-equity platforms and roll-up consolidators, and unknown. Recent named acquirers include Boston Scientific Corporation, Danaher Corporation, Agilent Technologies, Inc., Embecta.
What is my medical devices business worth?
Run the ExitValue.ai medical devices calculator to see your business priced against the 1,004 disclosed medical devices transactions in the database. The engine applies adjustments for margin, growth, owner dependency, customer concentration, and recurring revenue mix to produce a tight range around the most-likely transaction value.
More on medical devices valuations
- Value a medical devices· run the calculator
- Who buys medical devices businesses?· active buyers
- Recent deal: Owen Mumford Holdings· comparable transaction
- Who acquired Owen Mumford Holdings?· buyer profile
- How to value a medical devices· long-form guide
Methodology details: how ExitValue computes valuation ranges · full medical devices calculator