What did Tactile Systems Technology, Inc. pay for AffloVest?

Tactile Systems Technology, Inc. acquired AffloVest for $86.2M in 2021, equivalent to 5.10x revenue. Target revenue was approximately $17.0M.

What does AffloVest do?

AffloVest is a medical devices business.

What multiple did Tactile Systems Technology, Inc. pay for AffloVest?

5.10x revenue, based on disclosed deal value of $86.2M and disclosed financials.

M&A TRANSACTION · 2021

AffloVest acquired by Tactile Systems Technology, Inc.

$86.2M· 5.10x revenue

Target

AffloVest

Acquirer

Tactile Systems Technology, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$17.0M

EBITDA

—

Deal Value

$86.2M

EV/EBITDA

—

Context

This $86.2M acquisition of AffloVest by Tactile Systems Technology, Inc. sits in the medical devices sub-vertical. Tactile Systems Technology, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices strategic buyer-pool page.

Source

Data sourced from SEC filings and 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. (2021). AffloVest acquired by Tactile Systems Technology, Inc.. https://exitvalue.ai/deals/afflovest-acquired-by-tactile-systems-technology-inc-hc-2021-0087