What did AdaptHealth Corp. pay for ActivStyle, Inc.?

AdaptHealth Corp. acquired ActivStyle, Inc. for $65.5M in 2020, equivalent to 1.10x revenue. Target revenue was approximately $60.0M.

What does ActivStyle, Inc. do?

ActivStyle, Inc. is a durable medical equipment business.

What multiple did AdaptHealth Corp. pay for ActivStyle, Inc.?

1.10x revenue, based on disclosed deal value of $65.5M and disclosed financials.

M&A TRANSACTION · 2020

ActivStyle, Inc. acquired by AdaptHealth Corp.

$65.5M· 1.10x revenue

Target

ActivStyle, Inc.

Acquirer

AdaptHealth Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$60.0M

EBITDA

—

Deal Value

$65.5M

EV/EBITDA

—

Context

This $65.5M acquisition of ActivStyle, Inc. by AdaptHealth Corp. sits in the durable medical equipment sub-vertical. AdaptHealth Corp. is acquiring as a strategic buyer; see how strategic acquirers typically price durable medical equipment businesses on our Durable Medical Equipment strategic buyer-pool page.

Source

Data sourced from SEC filings and investor presentations. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). ActivStyle, Inc. acquired by AdaptHealth Corp.. https://exitvalue.ai/deals/activstyle-inc-acquired-by-adapthealth-corp-hc-2020-0125