What did Digital Transformation Opportunities Corp. pay for American Oncology Network?

Digital Transformation Opportunities Corp. acquired American Oncology Network for $497.0M in 2022 (13.8x EBITDA), equivalent to 0.40x revenue. Target revenue was approximately $1160.0M. Target EBITDA was approximately $36.0M.

What does American Oncology Network do?

American Oncology Network is a medical practice specialty business.

What multiple did Digital Transformation Opportunities Corp. pay for American Oncology Network?

13.8x EBITDA and 0.40x revenue, based on disclosed deal value of $497.0M and disclosed financials.

M&A TRANSACTION · 2022

American Oncology Network acquired by Digital Transformation Opportunities Corp.

$497.0M· 13.8x EBITDA· 0.40x revenue

Target

American Oncology Network

Acquirer

Digital Transformation Opportunities Corp.

Disclosed financials at time of acquisition

Revenue

$1160.0M

EBITDA

$36.0M

Deal Value

$497.0M

EV/EBITDA

13.8x

Context

This $497.0M acquisition of American Oncology Network by Digital Transformation Opportunities Corp. sits in the medical practice specialty sub-vertical. The 13.8x EBITDA multiple paid in 2022 can be compared against the population median for medical practice specialty transactions of similar size on our Medical Practice Specialty valuation hub.

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. (2022). American Oncology Network acquired by Digital Transformation Opportunities Corp.. https://exitvalue.ai/deals/american-oncology-network-acquired-by-digital-transformation-opportunities-cor-hc-2022-0058