What did WELL Health Technologies Corp. pay for Adracare Inc.?

WELL Health Technologies Corp. acquired Adracare Inc. for $4.8M in 2020, equivalent to 2.40x revenue. Target revenue was approximately $2.0M.

What does Adracare Inc. do?

Adracare Inc. is a healthcare it business.

What multiple did WELL Health Technologies Corp. pay for Adracare Inc.?

2.40x revenue, based on disclosed deal value of $4.8M and disclosed financials.

M&A TRANSACTION · 2020

Adracare Inc. acquired by WELL Health Technologies Corp.

$4.8M· 2.40x revenue

Target

Adracare Inc.

Acquirer

WELL Health Technologies Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$2.0M

EBITDA

—

Deal Value

$4.8M

EV/EBITDA

—

Context

This $4.8M acquisition of Adracare Inc. by WELL Health Technologies Corp. sits in the healthcare it sub-vertical. WELL Health Technologies 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. (2020). Adracare Inc. acquired by WELL Health Technologies Corp.. https://exitvalue.ai/deals/adracare-inc-acquired-by-well-health-technologies-corp-hc-2020-0113