What did HMS Holdings Corp. pay for Accent (Intrado)?

HMS Holdings Corp. acquired Accent (Intrado) for $155.0M in 2019 (10.5x EBITDA), equivalent to 3.10x revenue. Target revenue was approximately $50.0M. Target EBITDA was approximately $14.7M.

What does Accent (Intrado) do?

Accent (Intrado) is a healthcare it business.

What multiple did HMS Holdings Corp. pay for Accent (Intrado)?

10.5x EBITDA and 3.10x revenue, based on disclosed deal value of $155.0M and disclosed financials.

M&A TRANSACTION · 2019

Accent (Intrado) acquired by HMS Holdings Corp.

$155.0M· 10.5x EBITDA· 3.10x revenue

Target

Accent (Intrado)

Acquirer

HMS Holdings Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$50.0M

EBITDA

$14.7M

Deal Value

$155.0M

EV/EBITDA

10.5x

Context

This $155.0M acquisition of Accent (Intrado) by HMS Holdings Corp. sits in the healthcare it sub-vertical. The 10.5x EBITDA multiple paid in 2019 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. HMS Holdings Corp. is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

Source

Data sourced from Press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2019). Accent (Intrado) acquired by HMS Holdings Corp.. https://exitvalue.ai/deals/accent-intrado-acquired-by-hms-holdings-corp-hc-2019-0137